Rental MLS Fee - Posted by Kim

Posted by ToolBar_SC on July 10, 2001 at 14:22:47:

Yes. It’s called advertising fee and should be on your schedule E.


Rental MLS Fee - Posted by Kim

Posted by Kim on July 10, 2001 at 11:06:44:

An agent told us that we can list our rental property on MLS for a fee of one month’s rent which we pay (yes, I know, if we did this ourselves we’d save the money!)

My questions is: is this fee paid to the realtor deductible as an expense when we do our taxes at the end of the year? We will just fill out the rental sched as part of our 1040 as the rental is held by me personally.



Re: Rental MLS Fee - Posted by Dave T

Posted by Dave T on July 11, 2001 at 18:17:36:

I pay the realtor that brings me a renter a leasing fee – not always equal to one month’s rent. It’s negotiable. If an agent puts your rental listing on the MLS, you state what you will pay as a leasing fee. The common practice in your area may be one month’s rent, but you can offer to pay less. My leasing fees paid last year average 60% of one month’s rent.

On my Schedule E, I list this expense as a commission paid.

Yes you can - Posted by EZ Landord

Posted by EZ Landord on July 10, 2001 at 17:30:36:

Yes you certainly deduct this as a viable expense. Rather than advertising, it would more likely go under profession services or commissions paid.