What is the difference between a property manager and a leasing agent
If you own a rental property, you may find yourself wondering if you need a property manger or just someone who helps get you a tenant, then you “take it from there”. But what exactly does a property manager do? How does a property manager differ from a leasing agent and other types of professionals who may help you rent out your home? In this article, we explore all these questions so that you know what type of person can best help you manage your rental business.
A property manager runs the whole show.
A property manager is responsible for the overall management of the property. They are responsible for finding new tenants, screening them, negotiating the lease, rent is collected in full and on time, as well as ensuring all repairs and maintenance are completed.
At RentPERKS we take this to a whole other level, we have built in a system of rewards for our tenants. We reward them for great behaviour such as paying rent on time, keeping the place clean, and staying longer. This has allowed us to curate a wide tenant network that spans the Nation. This means we place better tenants, faster and they take better care of the place!
Leasing agents are more focused on the sales, or rentals.
Leasing agents are more focused on the sales, or rentals. They will go through the process of finding a tenant, negotiating the lease terms, and then closing that deal. You might think that that’s all you need. After all, they have access to background checks and lots of advertising sites right? They do, but it is only half the picture. The data generated by having rentals all over the country in real-time and seeing what and how people pay over time is crucial. Leasing agents do not have that.
Leasing agents are more interested in getting you into a lease than they are in making sure that your tenants actually pay their rent and are not going to cause problems.
At RentPERKS, we care more about long term quality and cash flow. That means happy owners and happy tenants.
This is allowing us to change the relationship between Tenants and Landlords in the most effective way possible: by rewarding the good behaviour of our Tenants and providing exceptional service to our Landlords.
Property managers: people-management specialists.
Property managers are people-management specialists. They’re responsible for the day-to-day operations of a building or property and oversee everything from the maintenance of that building to the management of its tenants. They must be able to deal with any problems that come up, from plumbing issues and broken appliances to tenant disputes over repairs or lease terms.
The property manager’s job is multi-faceted, but at its core, it involves making sure that residents are happy and comfortable in their homes—and keeping them there for as long as possible.
RentPERKS handles everything to do with your property, from tenant screening and acquisition, to rent collection, to maintenance, to legal, we have you covered completely all in-house! If that isn’t enough, we have everything all laid out for you to view in real-time on our Owners Portal and your App. You can view everything directly from the comfort of your own home.
The importance of data
Here is another way RentPERKS stands out, we have a four dimension advanced screening process, designed by global experts in data and analytics. We have teamed with some of the most innovative thinkers to find the best tenants. A minimum of 3 people decide on your tenant placement.
We have spent years collecting data on renters nationwide, and with our rewards system we have curated the top 25% of renters. This ensures you get paid your rent on time, your property is taken care of and both of us have less hassle. We also run algorithms in real time that help us know when things are coming and we intervene ahead of time. Because life happens. So we have to stay in the know and understand what is happening in your investment property and when to make a change.
There are many people that can help you with your rental properties, professionals range from brokers and agents to managers, leasing specialists, and sales agents. They all have the same goal: helping you fill up your vacant property as quickly as possible. So how do you choose which one is right for you?
The first thing to consider is what your needs are. If you are looking for a quick placement or a long-term steady cashflow with no default on rent (RentPERKS has a default rate in rent that is 80% less than the industry average and has ZERO rent default in multiple provinces).
If you are looking for a long-term full-service solution, you have found us! RentPERKS is a fully licensed nation-wide full-service property management company. Whether you have one property or a whole portfolio in different parts of the world, our team on the ground and our tech platform is designed to make your life easier and reward great tenants with great perks.
Make the move to quality and Rent Better. Anywhere. RentPERKS