Show R REN E N T CONDITIONS DESCRIBED BY RICHEY Denies Report That Realtors Realtors Realtors Real Real- tors Are Not Accepting Rental Listings By V. By-V. V. V H. H Richey Rickey President of Richey CoI Co I have heard It said lately that rea real I estate men are not accepting rental property property property prop prop- erty listings s and that when a a. prospective renter shows up they prefer to try ansell an and d sell him a a. place instead In other words it has hu been Intimated that the real estate men are endeavoring to force the renter rente r I to buy a place to get one that is satin satis satisfactory factory 1 I Nothing was ever farther from th Ute the truth than this and the present scarcity y of rental property cannot in tn any way be blamed on the real estate agent HANDLED BY REALTORS REAL In most other cities of th the size of ot Salt Satt Lake City or larger 75 or 80 per cent of ot alt all rental property Is la handled through h hI I real estate agents and many apartments apartment are also handled by real estate men In Denver for Instance one company houses handles b besides approximately rJ I hundreds d fort forty 0 of 7 u unfurnished apartment r J and furnished homes The prospective renter can go to this realty concern and go over their list and In all probability find J lust just the h kind of f proposition r sl that ri will answer e his needs ed edt t in the g way of a residence In Salt Lake City not over 25 per cent of the rented dwelling houses are arc handled handled han ban died through agents and certainly not over 5 6 per cent of the apartment rentals am are handled by realtors arTh This condition makes s It extremely hard on the house hunter The property owner handling his rentals direct must get in touch with the prospective tenant and t the e tenant to find a II desirable place has to tramp from one address to another 10 looking I up various I individual u owners In nine fn cases out of l ten when h a property property prop prop- erty owner advertises a place for rent he falls tails through Inexperience to properly describe the number of rooms the location location location loca loca- tion the price and varIous arlous other essential essential essential essen essen- facts that the prospective tenant wants to know about before he even looks at a house If a real estate agent lists s a house t for rf rent he gets et taie a c complete gI description ec g I of the place and thus man many places are eliminated eliminated b the prospective tenant In going over this 1 list SCARCITY For many years veara past there t re has been a scarcity of desirable residential rental property In Salt Lake and as a consequence consequence con con- sequence the owners have been very verv In Independent independent In- In dependent Of late months they have become even en more Independent only needing to put a sign on their house to have bave It quickly rented There Is no doubt In mv my mind that hundreds n s of persons rent places that in inno inno sa ff aI no way a are suited to their needs d simply sim ply because the they become tired out trampIng tramping tramp tramp- Ing from place to place in an effort to find what they need I If the s system stem of handling rentals through agents such as is successful In I other cities were In vogue In Salt Lake City City the prospective renter could make malte a canvass can of five fl or six real estate offices In a 11 radius of ot two blocks locks and quickly get et the addresses of all the places likely to suit him and thus sa save e several days days' time and much useless running around arou CONSIDERABLE SAVED Landlords do not realize that In the thelong thelong then thee long n run the s small commission IS they ey pay paya ay aya aft after of fI a real e estate e agent n for looking after their property Is saved through the efficient efficient efficient effi effi- management manas-ement of their property by bythe bythe bythe the agent Repairs are obtained at better better better bet bet- ter figures this saving considerable Tho The real estate state agents have a a. list of all persons who are In the habit of not paying their rent and this saves the landlords landlords landlords land land- lords considerable Real neal estate agents also rent the property quicker and save considerable Income that is otherwise lost while a house is vacant LANDLORDS TACTLESS Some landlords are too hard on their tenants and do lose them ma as a fos consequence 0 t 1 e eci some are too easy and lose their rent money when tenants get too far behind to ever catch up No lo landlord Is la ever Ideal and the real estate agent through 11 his experience in han handling people saves the landlord considerable le through h his not having to come in contact with his renters renters renters rent rent- ers a at tall all allIn In short the a agency ency system of handling rental ta property tl is better i dror for rl the renter and better for U the e landlord in the long longrun longrun run and the fee foe paid the agency Is Ie a very small email fraction of the income and is more than saved aved through Increased efficiency and supervision without In any way In Increasing Increasing increasing In- In creasing the cost to the he consumer |