People looking for a property to rent usually have to choose between renting directly from an owner and renting from property managers. Both options are seldom available for the same rental property. If the property’s owner has a property manager working for them, then you’re going to need to deal with them for anything. If that’s the case, then the owner won’t appreciate you going straight to him. Each option has its own pros and cons. Make sure you know them before deciding to go with renting from the owner directly or from the property manager.
Landlords will care more about their property than any property management company ever will, so they’re likely to take your concerns more seriously. A landlord’s primary concern is that you, as the tenant, are happy so you don’t cause trouble, take care of the place, and pay your rent on time. It really makes a difference that they’re interested in keeping you happy and satisfied.
When it comes to lease agreements, landlords often have a lease agreement specific to their needs. But you might also be able to negotiate certain aspects of the lease since you’re talking straight to the owner. Property managers use general leases for all the properties that they manage most of the time.
Finally, and this might be a huge selling point for a lot of people: it’s usually cheaper to rent straight from the landlord. This is because landlords don’t need to pay a manager or a property management company, so there’s no reason to add to the cost of rent. For those who want to save a couple of hundred dollars, renting from landlords is the way to go.
While landlords are more enthusiastic about keeping you happy, property managers are more professional and impartial. A landlord might take a complaint personally which could affect the relationship between the two of you.
As for repairs and maintenance, property managers tend to have the edge here as well. First of all, a property manager will most likely be better equipped to fix a problem than the owner. Additionally, if the work has to be done by a repairman, a property manager will contact someone to help you much better than the landlord would. Property managers do this for a living and they usually have a crew in the each area that helps them with property repairs and maintenance.
Renting is becoming an increasingly popular choice in the US. There are just too many advantages for those looking for a short term or temporary place. When looking for estate to rent, you will encounter landlords and property managers. Keep in mind the advantages of renting via a landlord and those of renting through a property manager while deciding. Take your personal preferences into account too. These pros and cons are generalized and don’t apply in all cases. In the end, it is your choice to make.