Property Management Information for Tenants
There are a variety of things that Tenants should know when renting a home from a Property Manager.
Will my rent be higher with a property manager? Do I pay any extra fees?
No - not at all. The market value for a rental property does not change if there is a property manager, however, there are added benefits to you. If a homeowner has a property worth $800/month that is most likely what they will charge whether they have a property manager or not. If Owners added the cost of Management fees on top of the rent, they could no longer be competitive with other comparable properties.
What are the benefits for me as a tenant?
- Property Managers play by the rules, they don't grey the lines. They are licensed professionals.
- Property Managers want to keep the properties they manage in good condition so they attend quickly to emergency repairs.
- We want to work together with Tenants, respecting their rights while ensuring the terms of their leases are also respected.
- We offer professional services like an electronic rent payment option through automatic debit.
- The relationship between Tenant and Property Manager is a professional one.
Who is the property manager working for?
The property manager works solely for the Property Owner. The Property Owner pays for their services and as an Agent for the homeowner they work in the best interest of the homeowner. The approach we like to take is to work together with Tenants because for any relationship to be successful there needs to be some give and take on both sides. We are great at finding solutions that both parties can live with.
Will a property manager evict me if I keep calling them about repairs needed on the property?
Quite the opposite, we encourage all Tenants to be proactive in indentifying deficiencies at the property. The property manager, sometimes together with the homeowner, will determine their priority. Many factors come in to play. Anything related to health and safety will have the highest priority. Anything that is not urgent, we will consider budget, alternative solutions, appropriate timing and availability of trades people.
Will I ever meet the homeowner?
In some circumstances tenants will meet the Homeowners but in most circumstances this does not happen. Homeowners hire Property Managers to conduct their day to day business. In most circumstances you will not know who owns the property and a Property Manager is not permitted to share that information without the Owner's permission. The only person you need contact with is the Property Manager. If you have a request for the Homeowner, the property manager can deliver that request. The Homeowner will consult the Property Manager in most situations.