Frequently Asked Questions (FAQ)
Where is the Hauseit Rental Listing Service Available?
Hauseit’s Rental Listing Service is available in NYC, Westchester and South Florida. We cover all five boroughs of NYC: Manhattan, Brooklyn, Queens, Bronx and Staten Island. We cover the South Florida counties of Miami-Dade, Broward, Palm Beach, Martin and Saint Lucie.
Who will be my agent?
After your introductory call with our team, we will assign you an agent who will be your main point of contact throughout the process. We assign agents based on best fit and proximity.
We are confident that you will be happy with the agent we assign; however, if for whatever reason you wish to be assigned a different agent, please contact us right away so we can assign you another agent.
In select markets like New York, we may assign you to one of our partner brokers operating under a different brand. In all other markets, you will be assigned an agent working under the Hauseit® brand.
Who pays the broker fee?
As the landlord, it’s up to you whether to cover the broker fee (and list as a ‘no fee’ rental) or to have the tenant pay the broker fee. Your decision should be based on prevailing trends for your property type and location, the general strength of the market at the time of listing as well as the degree of urgency you have to find a tenant.
If most competing rentals are being marketed as ‘no fee’ but you wish to have the tenant pay the broker fee, your listing will be at a competitive disadvantage. This means it will likely take longer to find a qualified tenant, increasing the odds of a prolonged and costly vacancy period. Tenants may also expect more negotiability on your asking price if you’re not willing to cover the broker fee.
If most competing rentals are ‘fee’ listings (i.e. tenant is expected to pay the broker fee), you’ll have an easier time asking prospective tenants to cover the broker fee. However, it may still be advisable to list as a ‘no fee’ rental if your property is vacant and you’re seeking a competitive advantage to find a tenant as quickly as possible.
We will guide you through this decision-making process holistically by presenting you with market research and evaluating your goals and objectives.
Where will my property be listed?
Your property will be comprehensively listed according to industry standards on all major public real estate websites and broker databases that are locally relevant for your region.
If your property is located in New York, it will be listed in the REBNY RLS or the OneKey MLS plus locally relevant websites such as StreetEasy as well as nationally relevant websites such as Zillow, Trulia and Realtor.com.
If your property is located in South Florida, it will be listed in the Miami MLS (also known as the Southeast Florida MLS) and automatically syndicated to all major real estate websites, including Zillow, Trulia and Realtor.com.
We utilize the same listing syndication technology as any other traditional, full-service rental listing agent in your area.
Will someone handle the whole process for me?
Yes. Our service is identical in every way to what you’d receive by signing up for a full-service listing with a local agent who charges a much higher broker fee. This means our team will take care of everything from the marketing of your home to handling inquiries, showings and open houses, vetting offers and preparing your building’s rental application.
The only difference is the commission structure. Whereas a traditional rental listing agent may charge a broker fee of up to 15% of annual rent, we work for a much more reasonable fee of 1 month (roughly 8.33% of annual rent).
What's the difference vs a traditional listing?
The only difference is how much commission you will save. A traditional rental listing agent may charge a broker fee of up to 15% of annual rent. We on the other hand charge a much lower fee of one month (i.e., 8.33% of annual rent).
Even if local market conditions are supportive of having the tenant pay the broker fee, having a lower fee structure is still highly advantageous. This is because a lower broker fee of just one month will make your listing more attractive to tenants on a total cost basis compared to other listings which have higher broker fees of up to 15%.
Tenants typically adjust rental prices to factor in any broker fee payable to effectively compare the true cost of various rentals. Here’s an example:
Listing 1: Rent: $5,000/month | Broker Fee: One-Month (8.33%)
Listing 2: Rent: $4,900/month | Broker Fee: 15%
Listing 3: Rent: $5,250/month | Broker Fee: None [i.e. Landlord Pays]
Listing 1 has a broker fee of one-month, which is $5,000. The total cost of a one-year lease is ($5,000 x 12) plus a $5,000 broker fee, which equates to $65,000 or $5,416.67/month.
Listing 2 has a broker fee of 15% of annual rent. This is .15 x ($4,900 x 12), which works out to a total broker commission of $8,820. The total cost of a one-year lease is ($4,900 x 12) plus a broker fee of $8,820, which works out to $67,620 or $5,635/month.
The true cost of each rental from a tenant’s perspective is as follows:
Listing 1: Rent: $5,000/month | True Cost Including Broker Fee: $5,416.67/month
Listing 2: Rent: $4,900/month | True Cost Including Broker Fee: $5,635/month
Listing 3: Rent: $5,150/month | True Cost Including Broker Fee: $5,250/month
Even though Listing 2 had the lowest asking rent of $4,900/month, a typical tenant will see it as the most expensive listing of the three due to the higher broker fee.
How much can I save with the Hauseit Rental Listing Service?
You can save up to $4,000 in broker commission on a typical $5,000/month rental when using Hauseit’s Rental Broker Listing Service.
Here is a summary of potential savings based on monthly rent:
|Hauseit Broker Fee:
|Typical 15% Broker Fee:
|Savings with Hauseit:
How do I sign up for the Hauseit Rental Listing Service?
To get started, simply choose a time on the calendar above to speak with our team. If none of the times work for you or you need to speak with us after business hours, please email us with your name, phone number, property address and contemplated rental listing price and we will do our best to accommodate you.
During your complimentary consultation, our brokers will discuss your goals and questions on the rental process and formulate a marketing strategy for your listing. You will also have an opportunity to discuss and agree upon a reasonable initial listing price that works for both parties.
How long has Hauseit been around?
We’ve helped thousands of customers save millions when buying, selling and renting since we first opened our doors in New York in 2014. Since then we’ve established a number of traditional brokerage brands in select markets like New York to work with buyers, sellers and landlords who sign up for our full-service product.
While we started with New York City, we quickly expanded service to cover Long Island and the Hudson Valley. As members of the Long Island Board of Realtors with access to the OneKey MLS, we provide our services to buyers and sellers in Nassau, Suffolk, Westchester, Rockland, Putnam, Orange, Dutchess, Ulster and Sullivan Counties.
In 2021, we opened up for business in Florida with a focus on the southeastern Florida counties of Miami-Dade, Broward, Palm Beach, Martin and Saint Lucie. Our business is headquartered today in Miami, Florida.
Can I pay for additional marketing or premium advertising?
Yes. Certain 3rd party websites offer premium advertising which you can elect to pay for. For example, StreetEasy offers the ability to feature your listing in search results for a non-refundable fee. While we do not believe paying for such features is necessary nor industry standard, we can certainly invoice you for anything you would like to add-on, whether it be a print advertisement in a specific luxury magazine you’re fond of to featured placements on 3rd party websites.
Do you have any minimum price or commission requirements?
While there’s no minimum rental price or commission requirement, service is subject to availability. This means that we cannot guarantee that the service will be available for your home.