i hate finding tenents and doing rentals. its so time comsuming for the little compensation.

If I find tenants for a residential property... I personally charge 1/2 of 1 months rent... with a min fee of $1000.

Southern CA.

My friends just signed a 2 year rental agreement and used an agent to find the house. The homeowner paid the agents one month's rent, which they split in half. Not bad really...my friends only took up about 4 hours of the agents time looking at homes, and then about an hour signing paperwork with the homeowner and his agent. She made about $800.

When I hear "Rentals", I want to run the opposite direction.

You saw someone make $800.00, but they made ZIP on all the other people who may have looked at the same place. And there was an unseen amount of time spent with the LandLord in setting up the Agreement to allow anything to be collected, plus they just may have had some advertising expense, and a certain Insurance protection for the Liability associated with conducting the Marriage Ceremony between a LandLord and his New Tenants. I find that the Tenant Community is far more litigious than the people who we consider "Buyers".

The LandLord may also have expected the Agent to do the background and credit checks on all prospective Tenants (not just the ones who actually become the occupants), and also be the messenger with the Bad News to those who don't pass muster.

I like to tell LandLords that they can go thumbtack a 3" X 5" Card on the Bulletin Board at every Supermarket and Laundramat within 25 Miles and get some responses. They can then screen the calls themselves and worry about the Lead Paint Issues, Fair Housing Requirements and other Non-Discriminatory Equal Access Liability burdens. They can also interview the past LandLords and any References that prospective Tenants "might" give.

After all is said and done, that was probably a hard earned $800.00 . . . . and why are there Two (2) Agents required to do a simple little rental ? Nothing is ever as simple as it might appear from the outside.

Remember: What you Gross and what you Net can be very, very, very different.

But to answer the original question . . . . No, I don't find Tenants for a Fee; and I hope they don't find me! When I have an Apartment House or other Rental Property listed For Sale, and there is a need to locate a new Tenant, I will, as a Courtesy, refer Rental Inquiries to that Owner . . . . but I don't want to be paid for that effort, or bear any responsibility for endorsing the prospective Tenant as being "a Good One".

You can make money only if done right. I do not think you will see any secrets revealed here.

I do leases for quick cash right now.....the ones I am doing arent high bar ones....but its cash flow while I work on buyers and sellers

Say what you may about rentals. You can make over 100K annually if you play the deck right.

The Minneapolis RMLS is finally adding a Rental Property section to our MLS. This will change the culture a bit around here, as prior to this, all of us private landlords have relied heavily on word-of-mouth, Craigslist, or Rentals.com. As a private, do-it-yourselfer landlord, I am not familiar with paying any finder fees for my tenants (or collecting a finder's fee for helping another landlord find a tenant).