To Realtor or Not to Realtor: Deciding on a Pro to Lease Your Property? Many people are unsure whether they need a realtor to help them find a tenant for their property. Here's some information to help you decide whether you should list your home for rent with a realtor:

Exploring the DIY Route:

Imagine this – you, armed with online resources and a can-do attitude, ready to tackle the world of property leasing. It's a tempting thought, right? Many folks choose the DIY route, thinking they can save a buck or two and be the master of their property's destiny.

 The Realtor Advantage:

Now, picture this – a seasoned realtor steps onto the scene, armed not only with experience but also a little black book of potential tenants. They've got the inside scoop on market trends, the legalities, and all the tips and tricks to make your property stand out. Did you know that we INCLUDE PROFESSIONAL PHOTOS when you use us to list your property? Hiring a realtor might just be the shortcut to a hassle-free leasing experience.

The Numbers Game:

Sure, going solo might save you a commission fee, but let's talk numbers. According to the National Association of Realtors, properties listed by realtors tend to fetch higher rental prices than those listed by owners. Plus, realtors have a knack for finding qualified tenants faster, reducing vacancy periods, which in the end can net you more $ in the long run.

 Legal Jargon and Paperwork:

Leasing isn't all about finding the right tenant; it's also about navigating the legal maze. DIY landlords may find themselves drowning in paperwork and scratching their heads over the current Landlord and Tenant Board rules. On the flip side, realtors can guide you through contracts, regulations, the right clauses in your lease paperwork and all the stuff that makes most of us break into a cold sweat.

 The Realtor's Exposure:

Picture this – you decide to lease your property on your own. Now, where do you find tenants? Online listings? Social media? It's a sea of options, and it can be overwhelming. A realtor will take care of all the showings and appointments and the exposure of your rental listing on the MLS is second to none. Almost all tenants in Toronto look at the MLS for lease listings and most are already working with a rental agent to find a place...and these agents are ONLY looking on the MLS. Social media rental listings can be full of scams.....is that something you are willing to risk?

 The Realtor Fee Conundrum:

Okay, let's address the elephant in the room – the realtor's fee. It's a common concern, and sure, it's a cost to consider. However, when you weigh it against the time, effort, and potentially lost income from a vacant property, it might just be a smart investment. It is also a business expense....because when you become a landlord, don't forget you are now running a small business and producing income. 

Conclusion:

So, here you are, standing at the crossroads – to realtor or not to realtor? As you think about renting out your property, have you considered the advantages and disadvantages of hiring a realtor? Both paths have their perks and pitfalls. It's a matter of weighing your time, expertise, and priorities. So, what's your play – DIY landlord extraordinaire or partner with a real estate professional?