Fate has cooperated by finding us a potential renter.
That's all the potential renter will see before they make a decision.
So deals would generally be possible only when the regulated rent was well below the potential rent for the apartment.
Susanne Faraca, an agent at Kelleher Real Estate in West Tisbury, said she recently showed a potential renter several homes.
Brian Collins, a vice president of Equity Residential, one of the country's largest publicly traded apartment owners, said that so far, just one potential renter has forfeited his deposit.
And according to Mr. Stringer, that means that the housing authority is losing anywhere from $10 million to $30 million each year in potential rent.
An algorithm calculates a maximum bid for each home, taking into account the cost of renovations, the potential rent and target investment returns — right now the company averages about 8 percent per property on rental income alone.
In many cases, when an agent has an exclusive rental listing, the agent is the landlord's agent, even though the broker's fee will be paid by the potential renter.
City officials say the government pays monthly subsidies of up to $930 for each small unit, and $1,500 for each two-bedroom apartment, for a potential rent roll of more than $11,000 a month.
We believe estate agents are more vulnerable to the introduction of potential rent controls, and note that Berkeley group could be most impacted by the introduction of a 'mansion' tax, given approximately 15% of revenues are generated from properties worth more than the £2 mn threshold.
