Home » General World News » Appalled by ‘crazy’ broker fees, 2 ex-Googlers founded a site they say has saved renters over $1 million

Appalled by ‘crazy’ broker fees, 2 ex-Googlers founded a site they say has saved renters over $1 million





Julia and Vianney_Joinery

• Renters often pay a broker 10% to 20% of annual rent for an apartment in New York City.

• Two former Google employees founded a peer-to-peer rental site to get rid of this fee.

• Outgoing tenants are paid up to half a month’s rent for finding a new tenant, either by their landlord or the incoming tenant.

There’s a seemingly endless supply of apartment buildings lining the streets of New York City. And yet, finding a livable rental is often an exhaustive and wickedly expensive process.

Many apartment hunters turn to real estate brokers, who charge a fee of 10% to 20% read more >>>

Source:: BusinessInsider.Com

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