Renting a property is not as simple as one might think. A Rent Management company helps tenants with identifying the best property that suits their budget in addition to taking of the property during their tenancy. Renting a property with brokerage has an advantage that it saves tenants time. If you are new in town and searching for a rental property, then you might find hiring a broker more comfortable than anything. So, the broker knows the city and renting properties available in the town. But there are some side effects of renting a property through a broker. So let's discuss some benefits if you rent a property from a rent management company and do not have to pay any brokerage fees.
Cost Saving
The broker always works for a commission. They charge a percentage of the property rent as their commission. Like if a landlord has agreed to pay a commission of 1% to 2%, then broker would possibly demand more rent from the tenants to earn more commission. In short, he'll negotiate with you for a higher rent to earn more commission.
Unlike many other property and rent management companies in Bangalore, SANGAU, does not charge brokerage. They rent owner properties which is already being managed and maintained and works towards generating income from property. So it is in the company interest to ensure they find good tenants as quickly as possible.
Renting a property without having to pay brokerage helps the tenant save money that can be used for other purposes like pay for move-in charges or utility bills.
No rush to make a deal
If you're renting a house through a broker, it will save you time. But there is a negative side of the time factor. Brokers are paid once the deal is signed and it motivates them to make a deal as soon as possible. So, they are in a rush and try to push both parties to sign the agreement.
A property broker role is limited to connecting a prospective tenant to an owner. Once a rent agreement is signed the broker has no role to play and the tenant and owner has to deal with each other. As there is no accountability for the broker after the rent agreement has been signed there is a good chance that all information pertaining to the property or owner has not been shared with the tenant. Like, a tenant may not be made aware of issues in the property, i.e. water, gas, sewerage issues. They try hard to make a deal so they can earn a commission. This can result in misunderstanding and an unhappy stay for the tenant thus leading to the tenant vacating the property for a better one even before the termination of a rent agreement.
There would be a benefit of renting a house without brokerage from a rent management company like SANGAU. You can investigate all matters and they cannot lie as the tenant has to deal with the company in future too. Only after complete satisfaction does the tenant need to make a deal and sign the lease agreement. A large portfolio of houses for rent in Bangalore are available with SANGAU, a Property & Rent Management company, and tenants can choose properties that meet their rental needs.
No conflict of interest
A broker works for the commission and as the rent payment increase so does their commission. This raises a conflict of interest as the broker doesn't work towards the individual attention of the prospective tenant.
Tenants wish to rent a property at a lower cost while the broker wishes to sign the lease agreement at a higher rent. If the broker wanted to work for the benefit of the tenants, then he would possibly have to make a deal at a lower rent.
Conclusion
In the end all of the benefits commonly lead to cost-saving for a tenant and a comfortable stay during tenancy. SANGAU does not charge tenant for property viewing or brokerage when finalizing a property. Additionally they provide free documentation and maintenance support all thru the tenancy period. They have a large portfolio of Apartment for Rent in Bangalore. A tenant can rent property that suits their needs at zero cost.
