Hoboken landlords; the good days of the Hoboken real estate rental market are gone

More and more potential tenants are negotiating rents these days. They are convinced that with the current economy and state of the Hoboken real estate market, they have a very good chance at finding a nice apartment at a great price. On top of it, they'll want part or all of the fee paid, repairs and painting all done for the price they are willing to pay. Don't be surprised if a potential tenant makes an offer on your rental either, they are looking to negotiate just about everything. And with over 100 rentals listed on the MLS plus dozens of other rentals listed in offices independently, they'll find someone who's willing to give them what they want. 

On a side note, in this market you'll want to make absolutely sure that the agent you are working with will treat your rental like a sale. I've said this before, but it is crucial to the success of your apartment being rented. With customers starting online with their searches, an MLS listing will only optimize your visibility to potential renters. 

Bottom line: todays rents are lower than last years in many cases and it takes more ensure your apt gets rented. Consider paying the broker fee, put your listing on the MLS, don't list your rental with an agent unless they are willing to take pictures to market it, clean, repair and paint to get your place rented.