Grad student, thinking of becoming Rental Agent for LL, or Buyer
May 17, 2014 6:35 PM Subscribe
My LLs are about 85 and seem to be over being LLs. There are 11 units in my building, 3 of which were rented for the year, we had a 4th tenant but she moved out the 4th month. I secured all of these tenants. My LLs obviously could have made a lot more money if they rented all the units. I can easily get tenants and have no problem doing so, the only obstacle is the LLs, they do not get back to emails and lose many of the renters I get (I show them the unit and it takes the LL 2 weeks to email back).
posted by TRUELOTUS to Work & Money (12 answers total)
I am happy to help because they are sweet folks. I have the opportunity to be an RA and have free rent, but I will also have to babysit undergrads ( I'm a 3rd year PhD student). Previously, the LLs would give me $100 for each referral. However, since they are doing such a sloppy job, I am proposing that for each unit I rent I get $100 off my rent of $800, to go no lower than $200. I will show the units, collect applications, and be the contact person for issues, and deposit and collect rent checks. My dad thinks I am selling myself short. What do you think would be fair?
Since I will be in the area at least another 3 years, I have also thought of buying the building, but I am not sure the ins and outs of a land contract. Thanks