You may have noticed signs posted in and around the building advertising a $300 incentive for referring new tenants.
Did you know that real estate agents typically charge landlords a fee equal to one month's rent when they refer a new tenant?
That means M&R Holdings saves between $1,799 and $2,149* every time they receive a referral from a tenant rather than a real estate agent.
M&R Holdings has applied for three above-guideline rent increases in the past 8 years. They're already making you pay more and now they want you to help them save!
The Fifty Cosburn Tenants' Association strongly encourages prospective tenants to seek the assistance of a licenced real estate agent.
* based on price listings on the M&R Holdings website as of March 15, 2024