A private landlord is one who doesn’t work with a property manager to handle their leasing and management tasks. However, when you rent from a landlord that does work with a property manager, you’re essentially renting through the property management company. While you should expect prompt and professional services from both, there are some differences in terms of rental experience depending on who you work with. This often brings up the question of whether tenants should rent from a private landlord or a property manager. Let’s take a closer look at some of the details.
The Pros of Renting From a Private Landlord
Even though a private landlord is running a business, you are much more likely to know them as a person, especially if they only own one or two properties. This also means that you’re much more likely to get a lease tailored to meet your needs rather than a cookie-cutter lease. Additionally, due to the lack of property management fees, you’re more likely to get a better price for the rental itself.
The Cons of Renting From a Private Landlord
If a landlord runs a property entirely on their own, it will take longer to resolve maintenance and repair issues. Booking a maintenance person will take longer, and they may not have the funds to hire an insured maintenance person or make quality upgrades. On top of that, it may be hard to get in contact with them if their attention is on other properties.
The Pros of Renting From a Property Manager
You’re essentially renting from the company when you rent from a property manager, so you can expect the business to actually run like a business. They have staff to hire maintenance persons and book appointments, they have funding and insurance, and you’re much more likely to receive an incentivized sign-on bonus. If you want to rent from someone who will treat you like a client, a property manager is your go-to.
The Cons of Renting From a Property Manager
On the opposite end, some tenants enjoy having a closer relationship with their landlord, as it makes communication easier, and they’re usually more understanding of mistakes and mishaps. Additionally, the rental fees will likely be higher, as the landlord will have to pay for the manager’s labor and other property management fees. This means more money and stricter rules.
As you now know, there are pros and cons to renting from a private landlord or property manager, and it depends entirely upon your preference. If you’re looking to rent from a property management company that you can rely on to be courteous, reliable, respectful, and professional, work with Excalibur Homes! We have single-family homes for rent and will provide you with the best rental experience possible.