The minimum wage for leasing agents is less than zero

The spring and summer rental market is heating up and Chicago’s rental services a/k/a apartment locators a/k/a apartment finders are advertising on Craigslist for the next crop of leasing agents.

The ads promise a lot, including “unlimited earnings potential.” What they don’t tell you is that there’s no limit to the amount of your own money that you can spend on gas, parking and fees to the rental service before you ever see a check. They don’t tell you that you may wait months before seeing a check or that you may never see one, even if you’ve earned it.

Rental services need to harvest new crops of leasing agents year-round because it’s a high-turnover business with an extremely high fail rate.

Think long and hard before signing on as a leasing agent with a rental service. Ask yourself why what’s pitched as a “lucrative career” has so very few people who’ve made a career out of it with any of the rental services.

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