A common misperception about property managers and real estate agents is that these occupations are more or less the same. However, a property manager’s role is very different from that of a real estate agent. While both professions are closely tied to the housing market, there are far more differences than similarities. Understanding these differences can help rental property owners know who to call when professional expertise is required.
Key Differences
The main responsibility of a real estate agent is to list and sell properties. Some real estate agents do focus on helping buyers find and purchase investment real estate, but ultimately, their role centers around sales transactions. Since market conditions often dictate demand, a real estate agent’s business can fluctuate with the housing market. In some cases, real estate agents may assist with finding tenants, but their interaction typically ends once the lease is signed.
A property manager, however, helps rental property owners manage the day-to-day aspects of their rental properties. The property manager’s role involves ongoing management services, such as property maintenance and repair, collecting rent payments, and tenant screenings. This contractual role provides continuity for rental property owners and is often relied on during market downturns as an alternative to selling at a loss.
What Property Managers Do (And Real Estate Agents Don’t)
Beyond basic responsibilities, top-rated property managers offer services that are outside the scope of a real estate agent’s duties. Although both may promote the property, property managers screen tenants thoroughly, clearly explain lease documents, and are available to resolve emergency repairs or tenant complaints. By staying in close contact, property managers foster rapport and maintain a strong tenant relationship.
Additionally, some property managers help rental property owners by conducting local market analysis, setting rental rates, and increasing a property’s resale value. Experienced property managers may also offer insight into additional rental properties that align with investment goals, a service few real estate agents provide.
The Value of a Great Property Manager
As a leader among property management companies, Real Property Management provides rental property owners with a full range of services designed to enhance property value and profitability. Our experts establish accurate rental rates and partner with trusted home services vendors to streamline expenses.
To learn more about Real Property Management LoneStar’s services in Live Oak and surrounding areas, contact us online or call 210-314-1039 today!
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