Using a real estate agent to rent out - a good idea or a pointless money pit?

Renting out your real estate is a hassle. Keeping up with the regulations, vetting the tenants, figuring out the best price and other tiring activities are why many Polish property owners opt not to rent out their property altogether or choose to use a real estate agent to assist them.
Published date 05.09.2024
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Noticeable issues remain

According to the Otodom study, Poles expect the most that the agents will help them with verification of the legal status of the property, with pricing of the property, ensuring the security of the transaction and leading the customers to new technologies that could help them do things at an easier and cheaper manner. Most real estate agents are very likely to be able to do these things, at least up to some extent.

But why are people often not using a real estate agent then? The Otodom study also sheds some light on this - the price of the service along with the pressure sometimes put on the landlords by the agents is the biggest culprit. As real estate agents are paid based on commission, it might mean that some agents are putting pressure on the landlord to move through with an unfavourable deal as it means they will get their commission.

“This situation becomes even more tense if multiple agents are working with one property as it often might happen. To earn the commission in such a case, the agent often has to be faster than other agent(s), which might result in a drop in the quality of the work from the perspective of the landlord,” Markowski explains.

Also, most real estate agents have no methods in place to guarantee the security of the rental relationship once it starts. The process ends when the property is handed over to the tenant, but the agent has no responsibility for what happens next during the tenancy or when the rental agreement should end. Any issues from there on forward are between the tenant and the landlord and often the agent is not even turned to for legal advice nor can they provide it.

“We’re happily working with real estate agents also in Rendin. We can take care of the legal problems and risk, while the real estate agent can optimize the viewings and other activities,” Markowski says. “This allows the end user - the owner of the property - to get the best experience with all possible bases covered.”

Noticeable issues remain

According to the Otodom study, Poles expect the most that the agents will help them with verification of the legal status of the property, with pricing of the property, ensuring the security of the transaction and leading the customers to new technologies that could help them do things at an easier and cheaper manner. Most real estate agents are very likely to be able to do these things, at least up to some extent.

But why are people often not using a real estate agent then? The Otodom study also sheds some light on this - the price of the service along with the pressure sometimes put on the landlords by the agents is the biggest culprit. As real estate agents are paid based on commission, it might mean that some agents are putting pressure on the landlord to move through with an unfavourable deal as it means they will get their commission.

“This situation becomes even more tense if multiple agents are working with one property as it often might happen. To earn the commission in such a case, the agent often has to be faster than other agent(s), which might result in a drop in the quality of the work from the perspective of the landlord,” Markowski explains.

Also, most real estate agents have no methods in place to guarantee the security of the rental relationship once it starts. The process ends when the property is handed over to the tenant, but the agent has no responsibility for what happens next during the tenancy or when the rental agreement should end. Any issues from there on forward are between the tenant and the landlord and often the agent is not even turned to for legal advice nor can they provide it.

“We’re happily working with real estate agents also in Rendin. We can take care of the legal problems and risk, while the real estate agent can optimize the viewings and other activities,” Markowski says. “This allows the end user - the owner of the property - to get the best experience with all possible bases covered.”

Rendin has created a new digital agent which can digitally do many of the activities why people choose to pick a real estate agent in the first place. Providing the proper legal documents, posting your property on different listing sites and suggesting the proper price are some examples. In addition to that Rendin will take additional responsibility for the property, should the tenant leave debts or trash the apartment.

Rendin has created a new digital agent which can digitally do many of the activities why people choose to pick a real estate agent in the first place. Providing the proper legal documents, posting your property on different listing sites and suggesting the proper price are some examples. In addition to that Rendin will take additional responsibility for the property, should the tenant leave debts or trash the apartment.

Noticeable issues remain

According to the Otodom study, Poles expect the most that the agents will help them with verification of the legal status of the property, with pricing of the property, ensuring the security of the transaction and leading the customers to new technologies that could help them do things at an easier and cheaper manner. Most real estate agents are very likely to be able to do these things, at least up to some extent.

But why are people often not using a real estate agent then? The Otodom study also sheds some light on this - the price of the service along with the pressure sometimes put on the landlords by the agents is the biggest culprit. As real estate agents are paid based on commission, it might mean that some agents are putting pressure on the landlord to move through with an unfavourable deal as it means they will get their commission.

“This situation becomes even more tense if multiple agents are working with one property as it often might happen. To earn the commission in such a case, the agent often has to be faster than other agent(s), which might result in a drop in the quality of the work from the perspective of the landlord,” Markowski explains.

Also, most real estate agents have no methods in place to guarantee the security of the rental relationship once it starts. The process ends when the property is handed over to the tenant, but the agent has no responsibility for what happens next during the tenancy or when the rental agreement should end. Any issues from there on forward are between the tenant and the landlord and often the agent is not even turned to for legal advice nor can they provide it.

“We’re happily working with real estate agents also in Rendin. We can take care of the legal problems and risk, while the real estate agent can optimize the viewings and other activities,” Markowski says. “This allows the end user - the owner of the property - to get the best experience with all possible bases covered.”

Noticeable issues remain

According to the Otodom study, Poles expect the most that the agents will help them with verification of the legal status of the property, with pricing of the property, ensuring the security of the transaction and leading the customers to new technologies that could help them do things at an easier and cheaper manner. Most real estate agents are very likely to be able to do these things, at least up to some extent.

But why are people often not using a real estate agent then? The Otodom study also sheds some light on this - the price of the service along with the pressure sometimes put on the landlords by the agents is the biggest culprit. As real estate agents are paid based on commission, it might mean that some agents are putting pressure on the landlord to move through with an unfavourable deal as it means they will get their commission.

“This situation becomes even more tense if multiple agents are working with one property as it often might happen. To earn the commission in such a case, the agent often has to be faster than other agent(s), which might result in a drop in the quality of the work from the perspective of the landlord,” Markowski explains.

Also, most real estate agents have no methods in place to guarantee the security of the rental relationship once it starts. The process ends when the property is handed over to the tenant, but the agent has no responsibility for what happens next during the tenancy or when the rental agreement should end. Any issues from there on forward are between the tenant and the landlord and often the agent is not even turned to for legal advice nor can they provide it.

“We’re happily working with real estate agents also in Rendin. We can take care of the legal problems and risk, while the real estate agent can optimize the viewings and other activities,” Markowski says. “This allows the end user - the owner of the property - to get the best experience with all possible bases covered.”

Noticeable issues remain

According to the Otodom study, Poles expect the most that the agents will help them with verification of the legal status of the property, with pricing of the property, ensuring the security of the transaction and leading the customers to new technologies that could help them do things at an easier and cheaper manner. Most real estate agents are very likely to be able to do these things, at least up to some extent.

But why are people often not using a real estate agent then? The Otodom study also sheds some light on this - the price of the service along with the pressure sometimes put on the landlords by the agents is the biggest culprit. As real estate agents are paid based on commission, it might mean that some agents are putting pressure on the landlord to move through with an unfavourable deal as it means they will get their commission.

“This situation becomes even more tense if multiple agents are working with one property as it often might happen. To earn the commission in such a case, the agent often has to be faster than other agent(s), which might result in a drop in the quality of the work from the perspective of the landlord,” Markowski explains.

Also, most real estate agents have no methods in place to guarantee the security of the rental relationship once it starts. The process ends when the property is handed over to the tenant, but the agent has no responsibility for what happens next during the tenancy or when the rental agreement should end. Any issues from there on forward are between the tenant and the landlord and often the agent is not even turned to for legal advice nor can they provide it.

“We’re happily working with real estate agents also in Rendin. We can take care of the legal problems and risk, while the real estate agent can optimize the viewings and other activities,” Markowski says. “This allows the end user - the owner of the property - to get the best experience with all possible bases covered.”

We change the rental industry

In Poland, the rental laws favor the tenants, even in cases of fraud. At Rendin, we champion fairness for both parties! Our solution supports equitable rental relationships by providing landlords with:

  • Professional legal aid whenever they need it

  • Rent payment guarantee

  • Property damage reimbursement

We envision modern property renting as simple, accessible, and, most of all, secure for both landlords and tenants.

Noticeable issues remain

According to the Otodom study, Poles expect the most that the agents will help them with verification of the legal status of the property, with pricing of the property, ensuring the security of the transaction and leading the customers to new technologies that could help them do things at an easier and cheaper manner. Most real estate agents are very likely to be able to do these things, at least up to some extent.

But why are people often not using a real estate agent then? The Otodom study also sheds some light on this - the price of the service along with the pressure sometimes put on the landlords by the agents is the biggest culprit. As real estate agents are paid based on commission, it might mean that some agents are putting pressure on the landlord to move through with an unfavourable deal as it means they will get their commission.

“This situation becomes even more tense if multiple agents are working with one property as it often might happen. To earn the commission in such a case, the agent often has to be faster than other agent(s), which might result in a drop in the quality of the work from the perspective of the landlord,” Markowski explains.

Also, most real estate agents have no methods in place to guarantee the security of the rental relationship once it starts. The process ends when the property is handed over to the tenant, but the agent has no responsibility for what happens next during the tenancy or when the rental agreement should end. Any issues from there on forward are between the tenant and the landlord and often the agent is not even turned to for legal advice nor can they provide it.

“We’re happily working with real estate agents also in Rendin. We can take care of the legal problems and risk, while the real estate agent can optimize the viewings and other activities,” Markowski says. “This allows the end user - the owner of the property - to get the best experience with all possible bases covered.”

Noticeable issues remain

According to the Otodom study, Poles expect the most that the agents will help them with verification of the legal status of the property, with pricing of the property, ensuring the security of the transaction and leading the customers to new technologies that could help them do things at an easier and cheaper manner. Most real estate agents are very likely to be able to do these things, at least up to some extent.

But why are people often not using a real estate agent then? The Otodom study also sheds some light on this - the price of the service along with the pressure sometimes put on the landlords by the agents is the biggest culprit. As real estate agents are paid based on commission, it might mean that some agents are putting pressure on the landlord to move through with an unfavourable deal as it means they will get their commission.

“This situation becomes even more tense if multiple agents are working with one property as it often might happen. To earn the commission in such a case, the agent often has to be faster than other agent(s), which might result in a drop in the quality of the work from the perspective of the landlord,” Markowski explains.

Also, most real estate agents have no methods in place to guarantee the security of the rental relationship once it starts. The process ends when the property is handed over to the tenant, but the agent has no responsibility for what happens next during the tenancy or when the rental agreement should end. Any issues from there on forward are between the tenant and the landlord and often the agent is not even turned to for legal advice nor can they provide it.

“We’re happily working with real estate agents also in Rendin. We can take care of the legal problems and risk, while the real estate agent can optimize the viewings and other activities,” Markowski says. “This allows the end user - the owner of the property - to get the best experience with all possible bases covered.”