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Bye-Bye Broker Fee

American Apartment Owners Association

The New York City Council approved new legislation on Wednesday that will eliminate hefty upfront broker fees for most renters. In New York City, unlike nearly every other place in the country, tenants are often forced to fork over a fee, on top of their rent, to a broker hired by the landlord before signing their new lease.

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What Is GCI (Gross Commission Income) In Real Estate?

Bay Property Management Group

Instead, they split it with their broker (the company they work for). Ever wondered how real estate agents make their money from a property deal? It all comes down to something called GCI (Gross Commission Income). But what is GCI in real estate? Lets break it down in a way that actually makes sense, without all the jargon!

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6 steps to jump from property manager to property owner: Build your rental portfolio with confidence

Buildium

Relationships with lenders, brokers, contractors, and inspectors can make a big difference when you start investing. These are exactly the areas where new investors struggleand where you can excel immediately. Your professional network is another huge advantage. Think about the vendors you trust most. Plan for those cycles financially.

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The hidden potential of rent roll analysis for property managers

Buildium

If you or one of your owners is looking to invest in new properties—or even sell a current property—a rent roll is used by investors, lenders, and mortgage brokers to assess the current and potential value of a multi-family property and to verify rent income. A rent roll is a tool used by different parties for different reasons.

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Property managers’ revenue may be growing more than they think [The Lookout]

Buildium

And second: Brokering property sales is also less profitable, with rental owners buying and selling fewer properties in the current market. Companies are also reporting less growth than they did in the recent past, with 84% saying that their revenue has increased over the past two years, compared with 89% in 2023.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Make sure you understand the historical actuals on the expense structure, not just what the broker estimates they could be, Lea said. Taking your time and doing your due diligence when considering a particular investment property will always be a crucial step. It is recommended that you to guide you through the bewildering process.

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Tenants in Big Cities Could Save Thousands if “Broker Fee” Reform Passes

BiggerPockets

New “broker fee” reform could help tenants save thousands of dollars when finding their next apartment or home to rent, but it could come at a significant cost to landlords. […]

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