Submitted by tsenguunee1 t3_10cf2qe in jerseycity

Apartment hunting right now and it seems whenever I find stuff on Zillow or Apartments.com they have hidden broker fee.

Is there a way to avoid this?

I looked into Craigslist and it seems to avoid it but not a lot of listings

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rocketestate t1_j4fj5zh wrote

Most apartments are listed by us realtors. You should try and search up “for rent by owners” if you want to avoid the broker fee. Another option… I know landlords out there who are willing to accept a program called “Rhino” or “Leap.” I’m sure if you dig enough you will find them as well. These programs allows you to pay your security deposit as a monthly premium instead and avoid you having to layout 1.5x the rent for it… which you could turn around and put it into the broker fee instead. Best thing about this is that you’re not paying nearly anywhere near your security deposit when you total the monthly premium for 12 months. Worst thing about it is that you don’t get it back. It does alleviate the pressure of putting large sums of money up front. Other than that, I could send you a list of listed by realtor apartments where the broker fee is paid by the landlord. Let me know if you have any questions regarding this! Happy to help. This should be enough to help you do it on your own though

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LyndonBKinden t1_j4gw83y wrote

I'm in my 3rd apartment in JC and all three I found on Craigslist. Realtor fees are rediculously expensive especially with the rate rents are trending in the city. Are there less listings? Yes, but better than paying 1.5 months of rent towards nothing.

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rbastid t1_j4hfo9o wrote

Drive around areas you want to rent and look for signs?

Over the last 10 years we've had to look for tenants 5 times, 2 of those came from just putting a sign in the window. We stopped even using craigslist since 99% of calls were people who thought they can get an apartment for like $500/month, or real estate agents looking for clients.

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badjezus t1_j4i86lh wrote

Move in to the apartment, tell the realtor to pound sand when they harass you about the broker fee.

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