Friday, October 22, 2004

Realtor Contract

Well - I signed a rental agreement with a realtor (the same one I bought the townhouse from)...She placed it in the MLS and did a check of my place...everything seems in order (rent price looks competitive).

There are very few rentals listed anywhere so she is unsure why my place did not rent as well. She hopes to have some propsects by the weekend. She is doing all of the credit checking and showing of the place - I will do the due diligence after that.

I will owe 1-month's rent as commission. This is not so bad if she can get a committment from someone by the end of the month since I would have to have paid advertising and mortgage then anyway - which would be almost as much money.

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