Landlord, Leasing Agents, And Property Managers
So many people can get involved with the process of renting and buying and finding properties, it can be confusing. This is not a situation where 3 heads are better than 2, it is a situation where too many cooks can spoil the broth.
When looking for a new rental property to call home, renters may come into contact with a variety of rental specialists. Renters are served by rental brokers, leasing agents, property managers, and landlords in various roles. It’s important for investors to understand the distinctions between these types of professionals so that they can make an informed decision about who they want to deal with.
Here is a comparison of leasing agents, property managers, and landlords.
What Exactly Is a Property Manager?
Landlords with property investments may want assistance. It’s possible that they’ll recruit property managers to take care of the work that comes along with leasing out their place. A property manager is hired by many property owners who don’t reside near their property or who possess more than one apartment.
What exactly is a Landlord?
The person who really owns the rental property is referred to as the landlord. Landlords may self-manage their property or employ a property manager to supervise rental administration. When a landlord self-manages their property, they are responsible for all operations connected with the tenancy, along with the search for a new renter at the end of contracts.
What Exactly Is a Leasing Agent?
Landlords, apartment buildings, or brokerage firms employ leasing agents, who are in charge of showing and monitoring properties with potential renters, conducting tenant screenings, and managing the lease signing process. This may also entail serving as a property owner’s representative.
As shown, there is still a significant amount of overlap, mainly in terms of the day-to-day duties of these positions.
For the sake of clarity, a leasing agent is also known as a rental agent and a buyer agent. Their job is to exhibit prospective tenants to the place that may become their future place. In contrast, a property manager is concerned with what occurs after the lease is negotiated. The landlord, on the other hand, is the legal owner of the property.
