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What Is the Difference Between Property Management & Real Estate Agents?

08

Jan

What Is the Difference Between Property Management & Real Estate Agents?

Property managers and real estate agents occupy different niches in the real estate world, although the former may work with the latter when a rental unit needs a tenant. You won’t need a property manager unless you have rental properties, but most people will enlist the use of a real estate agent when selling a home or looking for a home to purchase. Tip State licensing defines the difference between property managers and real estate agents. Both perform different functions within the realm of real estate. Don't expect one to act in the capacity of the other. What are Property…

Is it Time?

There’s no way around it: Owning and renting out real estate properties takes time. It can be especially draining if you own several properties. What happens when you get to the tipping point? That point when you’d rather be spending your time elsewhere instead of managing a property. Or what if you purchased an investment property somewhere else in the country? The answer is it’s time to hire a preferred property management company. What Exactly do Property Management Companies Do? Property management companies act as the middleman between yourself and current/prospective tenants. They handle tasks such as collecting rent, maintenance,…

Property Management 101

When you purchase an investment property to rent out to tenants, you have a choice to make — hire a property manager or manage the property yourself. Property managers aren’t cheap, so at first, this might seem like an easy choice, especially to inexperienced real estate investors. However, it’s important to know just how much value a property manager can bring to the table before deciding which way to go. How much does an investment property management company cost? Just like other service-based businesses, the fees charged by property managers vary tremendously. Having said that, 10% of collected rent seems…