Key Differences
Technically speaking, a real estate agent is someone who lists and sells properties for their owners. While plenty of real estate agents concentrate on helping buyers find and purchase investment real estate, the agent’s role is still focused on the sales transaction. The job of a real estate agent depends thoroughly upon the current housing market. It is typical for real estate agents to regard and see their business (and income) as moving up and down as market conditions change. At times, real estate agents may help find tenants for a rental property, though their involvement with the tenant and the property owner typically ends in the case that the lease is signed.
By contrast, a property manager focuses on helping property owners manage their rental properties. While each property manager will extend particular services, most will usually work on behalf of a property owner to take care of property maintenance and repair, tenant screenings, collecting rent payments, etc. Different from a real estate agent, a property manager is a contractual role in which they are compensated for their ongoing management services. Property management is additinally much less likely to be terribly affected by a slump in the housing market. On the contrary, property managers may find their workload growing during market downturns as more property owners turn to renting as an alternative to selling at a loss.
What Property Managers Do (And Real Estate Agents Don’t)
Aside from the basic differences between a real estate agent and a property manager, there are other things that top-rated property managers conduct that real estate agents (and even other property managers) simply don’t. For instance, while a real estate agent and quite a lot of property managers will advertise a rental property to find new tenants, not all of them will carefully screen those tenants for conceivable red flags. And immediately, when a tenant has been screened, an excellent property manager will initiate developing rapport with the tenant by building open communication and clearly explaining the lease documents. An incredible property manager will moreover schedule and perform regular maintenance on a property and address emergency repairs and tenant complaints.
Less common but effective services that many property managers tender include helping property owners analyze the local market, make the right rental rate, and offer suggestions on maximizing a property’s earning potential and your property’s resale value. They can similarly help you find and compare additional rental properties, quite a lot of which may not even be on the market. These are not normal services among the majority of property managers; often, only the good ones in the business will work closely with rental property owners to help you administer and manage a property and build an investment business.
The Value of a Great Property Manager
One of the nation’s top property management companies is Real Property Management. This has to do with the fact we offer a wide range of services that rental property owners and investors need to obtain their financial goals and dreams. Many of our clients realize that the value of our services clearly exceeds the cost on the account that our experts will help you set up an accurate rental rate and keep costs down by utilizing our carefully determined home services vendors. These are not things that you will be able to ascertain just anywhere.
To find out more about Real Property Management Seasons’s services in Spring Hill and surrounding areas, take time to contact us online or call 615-333-6858 today!