Do you own a property that you would like to rent out? The first question you ask yourself is whether you should manage your rental yourself or trust a management company? By choosing to manage your rental yourself, you take care of all the steps related to the rental, from the search for tenants to the restoration of the premises. While turning to a real estate agency, you let it take charge of property management, property maintenance as well as the receipt of rents and other charges. Before making a decision, here are the advantages and disadvantages of rental management without going through a third party.
Have you decided to take care of everything on your own? Good news, by doing this, you can be sure to have a better bond with your tenants. Indeed, it is your responsibility to find your own tenants, to discuss with them about rents and charges, to receive them, to manage any problems, but it is also to you that these latter direct themselves if they have complaints or the like.
As there is no intermediary, communication is direct between the owner and the tenant(s). Result: you will be closer to them.
Thanks to the real estate agency, the owner is completely relieved of all the tasks relating to the rental of his property. Thus, he will not have to: search for tenants, manage visits to properties for rent, draft the lease contract, manage the receipt of rents and charges, carry out the annual review of the property, manage the owner’s home insurance as at amaguiz, etc.
For tenants looking for a rental, the real estate agency is their best ally to simplify the search, but also to protect their rights, manage their tenant home insurance and ensure their comfort once the property has been rented. Of course, all of this has a cost. And this is the advantage of not going through this real estate professional. Whether you are an owner or a tenant, rental management without going through a third party is the guarantee of considerable savings.
Thus, the role of the real estate management goes beyond the search for tenants or the drafting of the lease contract. By delegating your rental management to this professional, you also allow him to manage the regularization of charges, the sending of rent receipts, the administrative management of the rental, the management of unpaid bills and especially the management of claims.
In the event of fire, theft, water damage, storm, glass breakage, burglary, natural or technological disaster, he will take charge of the declaration with the insurer, the regularization of the papers with the ‘Home Insurance.