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Claire Atkinson

Claire Atkinson

Business

Why Hamptons real estate agents love partying execs

Some bad behavior by hedge fund executives in the Hamptons this summer may have sullied the sector’s reputation — but it has had nothing but upside for area real estate agents, colleagues Carleton English and Richard Morgan report.

Hampton homeowners, it seems, are turning more and more to brokers — and away from self-listing their homes on various Web sites — in an attempt to better vet these weekend warriors.

Top broker Dolly Lenz credits the trend toward using brokers to the season’s poster boys for bad renters — Kerrisdale Capital founder Sahm Adrangi and Moore Capital trader Brett Barna.

Adrangi gave renters (and hedgies) a bad name last weekend by getting arrested for drunk driving. Cops also found cocaine in his car. He was heading to his Amagansett rental after a night at the Surf Lodge in Montauk, he told police.

Barna’s misdeed was playing hostess with the mostest outside a Hamptons mansion obtained through Airbnb. His “Sprayathon” over the July 4 weekend — a so-called “Wolf of Wall Street”-style rager — attracted 500 rowdy revelers and cost the trader his job.

“There’s very little vetting on those sites,” agent Thomas Friedman of Corcoran’s East Hampton office said of his online competition.