When you’re considering what kind of property to rent out and make your home, you should also consider who you’re leasing from.
Usually, your options will be a property manager or property management firm, or an individual landlord. Just like everything else, both have their ups and their downs.
Property managers or property management firms
Property management firms may be more professional and efficient than individual landlords, because of the fact their duty is to take care of the property and make sure it is being run smoothly. But, you also need to consider that property managers may be more strict than regular landlords, since they have a lot of tenants and can’t be allowing people to break rules. Property management firms will most likely have websites set up for you to pay rent, put in maintenance requests, and contact supervisors, so they save you some time as far as going back and forth with your landlord.
With individual landlords, you need to realize that their job is typically not devoted to running your property, so they may not be as efficient with things the way property management firms are. Buuuut, on the plus side, individual landlords definitely give you more personalized service than companies who are managing a ton of different properties at once. Also, individual landlords are usually more lenient as far as different aspects of the lease agreement, or if you have issues with paying rent.