HomeRental Management

Rental Management

How Good Brokers Raise Their Consulting Rates

For those who do consulting work, a once counter-intuitive secret is now common knowledge: accepting a lower hourly rate often means having a more demanding, more obnoxiously clueless, and more frustrating client. The theory is that lower-paying clients don't...

Herald Towers Bucks the Winter Incentive Trend

Most landlords decide to add incentives to reduce their vacancy rates as we head into the Winter season. After all, most rational people try to avoid moving in the cold weather, around the holiday season. Even many brokers decide...

November the Best Time to Move?

Wow, I saw this while glancing through my inbox yesterday.  505 West 37th is offering two months free + two months OP!!  That's 4/14 months of discount off the gross from the landlord's point of view! Does this mean...

The End of the Convertible Flex-2?

One of the greatest economies of scale phenomenon Manhattan renters utilize each year is the convertible 1BR, aka the convertible flex-2.  While an individual renter looking for a nice Midtown or downtown studio will pay $1800-$2200, a pair of renters looking...

Landlords Experimenting with Incentive Reductions

Goldfarb announced today that starting next week, they will stop paying OPs (broker fees). Along with the Brodsky "1M free or 1M OP" policy and steady incentive reductions from Stonehenge, this latest news significantly reduces the no fee luxury...

Understanding Brokerage Commission Models

Every real estate brokerage wants to differentiate themselves from the competition. The heads of any firm will tout their unique dedication to excellent customer service, their high integrity and moral standards, their hard work ethics, and their innovative operations....