The Main Differences Between a Property Manager and a Landlord and Why You Should Care

1. The Main Differences Between a Property Manager and a Landlord and Why You Should Care If you’ve been searching for houses for rent in St George Utah, you may have come across a notice that says “For rent by landlord”, and another one that says “Contactthe Property Manager”. So, what is the difference? More often than not, we use the terms “landlord” and “property manager” interchangeably. The reality is that these are two different stakeholders within the rental property industry. However, the two terms can be confusing since these two will be the people to see when renting homes in Utah, In this post, we will define, and put a meaning to the two terms. Moreover, we will tell you the roles played by the two stakeholders. Let us start by defining who a landlord is. Who is a Landlord? A landlord refers to the proprietor of a house, an apartment, condominium, or real estate that is rented or leased to a tenant. The tenant can be a business or an individual.

2. Who is a Property Manager? A property manager is a company hired by the property owners to run the day-to-day management operations while ensuring property maintenance. Therefore, the fundamental difference between the landlord and the property manager lies in the ownership of the rental property. To that end, you now know that the landlord is the main investor when referring to the houses for rent in Saint George Utah. The rental property management Utah Company exists by the virtue of appointment by the landlords, who bestows the role of managing the apartment to the chosen company. Having mentioned the fundamental difference between the property owner and the Utah property management company, let us quickly look at the roles played by the two key stakeholders within the rental property industry. Responsibilities of the Landlord The landlord’s main responsibility is making sure the houses for rent in Saint George Utah remain livable, safe, and clean to rent. Therefore, the landlord should make sure that the townhomes for rent in St. George Utah maintain the occupancy standards. Here is an overview of the tenant’s responsibilities: ● Management of the security deposit paid by the tenants at the start of the tenancy ● Keeping up with property maintenance ● Make sure tenants have access to running water ● Maintaining the common areas, including keeping up with repairs ● Following the health guidelines and standards ● Paying bills related to the property Ideally, the landlord needs to spend a good amount of time in maintaining the property. This might be a challenge especially if he or she has a myriad of other activities, or works elsewhere on a full-time basis. Based, different circumstances, the landlord may choose to employ a property management company to oversee the property management role. Thus, let us look at what the responsibilities of the property management company shall become under such circumstances: ● Advertising vacant rental units Utah Property Management Company is responsible for advertising rental properties whenever the tenants move out. Thus, a landlord counts on the rental property managers to ensure that the property does not run for weeks without a tenant. Ideally, the main responsibility of the property managers to the landlord is ensuring houses are filled quickly to avoid losing any revenue due to vacant. ● Tenant Screening

3. All potential tenants should go through a thorough screening. Screening of tenants entails checking their background information, verifying the credit score, making sure no criminal background, and reviewing any previous evictions. In case a previous eviction, the property management company may reject the application for tenancy. This is based on a substantial reason. ● In charge of Tenants Move-in Process The rental property management Utah will be responsible for ensuring successful tenants move-in process. This entails gathering legally compliant lease drafting, detailed move-in inspection, and collecting the security deposit in cash or bank slip, depending on the agreement with the property owner. ● Handling Property Maintenance, Repairs and Client complaints Tenants are expected to channel any complaints through the property management company. It is the responsibility of the property manager to find the best way to handle the repair requests. However, the response to the tenants needs to be prompt, to maintain a good reputation. ● Rent collection The proper6y managers will collect rent at the due date. The company is responsible for receiving the rent payments and tracking down the tenants who have not paid the rent. In case the tenants persistently pay rent after the due date, the rentals management agency will send reminders to the tenants asking them to observe the rent due date. ● Property inspections Property management entails inspecting the property at the end of the tenancy. Thus, in case the tenants have done any damage to the property, the property manager will use the security deposit to have the repairs done. Thus, you now are aware of the difference between a landlord, and the property manager. Further, we have elaborated on the responsibilities of the two parties. View & Download Original Source @ https://www.redrockpropertymanagement.com/the-main-differences-between-a- property-manager-and-a-landlord-and-why-you-should-care