Hi guys,
I've just rented out my apartment for $310 p/w. Trouble is, I'm a little suspicious about the agent who's helping me lease it out is not passing on the full rent to me.
He initially told me that he's got a tenant who wants it at $300 a week and tried to rush me into agreeing to the lease, saying that rental conditions are not as good as it used to be in that area (I was actually hoping to get $320- $330 p/w and also my current tenants are paying $330).
He also said that if I wanted to let it out at $320 - $330 p/w that he would be able to do it but I'll have to wait at least 3-4 weeks. So he basically said that it'll work out the same in the end and I might as well not wait and sign the lease now.
However I was very reluctant to agree to $300 so I said, I'll take my chances and wait a couple more weeks. On hearing this, he then said that he can probably make it $310 p/w and that he'll 'work his magic' to get the tenant to agree.
So in the end I agreed to it but I just feel that there was something fishy about what he told me. How on earth can he just suddenly change it from $300 to $310, particularly after telling me that the tenant had already paid the bond?
Is it possible that the agent somehow signed up a tenant for $330 but he is only passing on $310 to me and pocketing the $20? Because this would explain why he initially started at $300 and then went up to $310?
Trouble is, I have no way to prove this, what do you guys think? Is it common practice for agents to not pass on the full rent that the tenant pays?
I've just rented out my apartment for $310 p/w. Trouble is, I'm a little suspicious about the agent who's helping me lease it out is not passing on the full rent to me.
He initially told me that he's got a tenant who wants it at $300 a week and tried to rush me into agreeing to the lease, saying that rental conditions are not as good as it used to be in that area (I was actually hoping to get $320- $330 p/w and also my current tenants are paying $330).
He also said that if I wanted to let it out at $320 - $330 p/w that he would be able to do it but I'll have to wait at least 3-4 weeks. So he basically said that it'll work out the same in the end and I might as well not wait and sign the lease now.
However I was very reluctant to agree to $300 so I said, I'll take my chances and wait a couple more weeks. On hearing this, he then said that he can probably make it $310 p/w and that he'll 'work his magic' to get the tenant to agree.
So in the end I agreed to it but I just feel that there was something fishy about what he told me. How on earth can he just suddenly change it from $300 to $310, particularly after telling me that the tenant had already paid the bond?
Is it possible that the agent somehow signed up a tenant for $330 but he is only passing on $310 to me and pocketing the $20? Because this would explain why he initially started at $300 and then went up to $310?
Trouble is, I have no way to prove this, what do you guys think? Is it common practice for agents to not pass on the full rent that the tenant pays?