Looking to rent a new pad? The first decision along your path could determine the fate of your lifestyle for the duration of your lease: Will you rent from a property management company or directly from a property owner?
An informed choice requires careful consideration of the benefits and pitfalls that accompany each route. Here are the most common pros and cons to help you hone in on your preferences and snag a satisfactory place:
Renting from Property Management Company:
Pros
Consistent Quality
When you choose to rent through a property management company, you can be more certain of the quality of your spot. Since they are usually required to adhere to property maintenance codes and regulations, they tend to take better care of their properties. It is their business to do so!
Quicker Repairs
Have a broken window or a clogged sink? Call up your property management company, and someone will be there to take care of the issue as soon as possible! Property management companies have staff on hand specifically for maintenance and repairs.
More Professional
Property management companies are typically much more professional than landlords. They are experienced in handling leases, applications, and other paperwork and are also more likely to stay up-to-date on the latest laws and regulations regarding renting!
Cons:
More Expensive
Property management companies pay overhead costs, so their properties are often more expensive to lease than those rented out by their owners.
Less Personal
When you rent from a property management company, you will likely not have as close of a relationship as you would with a landlord, so you could feel like just another tenant!
Renting from a Property Owner:
Pros:
Cheaper Rent
Since property owners do not have the same overhead costs as property management companies, they are often able to offer cheaper rent prices.
More Personal
When you rent from a property owner, you will probably have a more personal relationship. This could equate to more understanding or leniency about issues and special requests!
Cons:
Less Professional
Landlords are often less professional than property management companies, with less experience in handling leases, applications, and other paperwork. The latest laws and regulations about renting may not be on their radar!
Poor Maintenance
If something breaks in your place, it could take a property owner a long time to get around to fixing it! They often have other priorities and are not as responsive to maintenance and repair requests as property managers.
Lower Quality
Property owners are not required to adhere to property maintenance codes and regulations, so their rentals may be of lower quality!
Rhino Property Management is the best of both worlds— the professionalism of a property management company and the congeniality of a property owner!
If you want peace of mind, speedy problem resolution, and a relationship that is both personal and professional, Rhino is the perfect choice. We offer high-quality properties at competitive rent prices throughout Utah. Contact us today to learn more and snag a spot!