How do Apartment Locators Work?
  • Kim
  • January 29th, 2021
  •   Blog

It’s not easy to look for a new apartment. The process of combing the city for available units, checking out these units, and talking to landlords is a time-consuming and arduous one especially if you’re not yet familiar with the place you’re moving to. It can be costly as well plus, it’s almost impossible to find apartments that meet most of your requirements just by going by your gut. Fortunately, apartment locators exist just to take this hassle off of your shoulders.

Apartment locators are by no means newbies to the scene. They have been around for some time and they’re often right along with real estate dealings. They not only make finding your new apartment easier but they also make it faster given that they have all the right connections around the industry to quickly pull up units that might match your tastes. If you’re looking for a new home and for whatever reason, you want to minimize all the leg work you have to do, these are the people you go to. Before you get into business with one though, it’s best to understand how they operate.

What Is an Apartment Locator?

Apartment locators are licensed real estate agents who help renters find a property that matches their needs. They often work with real estate owners to find a good match based on their client’s requirements and to evaluate the terms of the lease and explain details about the rental to the client. Apartment locators also help their clients evaluate their choices and make the best-informed decisions for their situation and requirements.

Behind the scenes, apartment locators make sure that all listings and collections are updated to the very last minute to ensure that all the apartments and properties they are offering are still available for rent. On the other hand, while some of them work exclusively on this job, others also work on the real estate side. They can put apartments or properties up for listing and they can also help people buy or sell homes or properties.

How do Apartment Locators Work?

The apartment industry changes daily – pricing changes, new properties are built, existing ones are sold or put up again, and many more. To keep up, apartment locators talk to numerous property owners and managers every day. With this insight, they use their knowledge of the city and their first-hand experience with the rental community to help you find an apartment. They also have listings and collections which are simply pools of available rentals to help provide you choices of properties that match your needs. Through these, they can provide you with complete information about all the properties they have available including location maps, amenities, pricing, floor plans, and so much more.

How Do Apartment Locators Get Paid?

The best part about using apartment locators is that they often offer their services for free. You don’t have to pay them anything at all because it’s the apartment complexes that they refer to you who pay them.

They can either work alone or with a broker. If they work all on their own, they have to handle the accounting side of their business as well as the customer side but they receive 100% of the commission. If they are working with a broker, they have the advantage of working under an established name and have someone handling all the other things and leave them to simply face the customers. The downside is, of course, they won’t be able to get the full price of the commission.

Much like other sales jobs though, the pay of the job varies and is mostly dependent on how much time and effort they commit into it. Starting apartment locators can expect very little but as their insider knowledge of the industry and their client base grows, they can also expect to earn more. Those who really invest their time in it can make a minimum of $10 000 per month up to $50 000 and above. Their common ground is that they are all in charge of their time and the amount of work they put into their jobs.

Apartment locators make a tedious job a lot easier. If you have one that is reliable, trustworthy and has a history of providing the best for their clients, you can rest assured that they’ll be able to find you a new home that fits you to a T. Whatever it is you want whether it’s a location close to the business district or a property that is pet-friendly, they’ll be able to give you options to choose from.

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