Research from The Zebra shows that 34% of Americans, over one hundred million people, rent their homes. Have you ever wondered how all those people found their rental residences? They searched, but tenant placement was also part of the equation.
Tenant services in Corpus Christi can effectively reduce vacancies and increase your rental revenue, but is it the best option? How does tenant placement differ from rental management and which is better? Read on, because below we compare rental management to tenant placement to help you decide which is the better fit for your Texas property.
What Is Rental Management?
Rental management is when a landlord hires a professional property manager to handle day-to-day operations. You can invest in more properties while they take care of the property. Rental management includes tasks like:
- Property Marketing
- Rent collection
- Property inspections
- Maintenance
- Tenant screening
- Tenant relations
What is Tenant Placement?
Tenant placement services leave management to you, they don't offer services beyond helping you find suitable residents for your rental. Here is what the placement company will handle:
- Property Marketing
- Tenant screening
- Lease agreements
Rental Services Comparison: Which Is Better?
So which is better, management services or tenant placement? The only way to answer this is to consider the differences and your needs. Involvement, time commitment, expertise, and cost are the biggest differences and most important things to consider when choosing.
Involvement
There are two ways to approach the involvement angle. The first is how much involvement the company has, the second is how involved you want to be. Tenant services in Corpus Christi (like tenant placement) help with finding renters and associated matters; management services deal with the day-to-day minutiae.
You can decide how much involvement you have working with management services, but much of the work may fall to the property manager. Tenant placement gives landlords more flexibility because most decisions fall on them.
Time Commitment
One of the important property management tips for TX landlording is mastering time management. Rental management services make this easier and allow time for other tasks and investments.
Tenant placement only delegates everything to do with finding renters. Placement services may work well for you if you consider yourself great at management and don't mind the work. However, be prepared for less time for other pursuits.
Expertise
Rental management companies are versatile and have plenty of expertise. They screen tenants and understand marketing, local rental markets, and legal requirements. A property manager is a reliable source of knowledge for various situations.
Cost
Cost is the simplest factor to compare. Tenant placement is often cheaper because they offer fewer services. You may consider tenant placement services if you can handle management and don't want to spend too much money.
Choosing Corpus Christi Property Solutions
The point of our rental services comparison guide is to help you make informed decisions. Ultimately, which you pick is up to your preferences and needs. However, PMI Corpus Christi can help with tenant placement and property management. You won't have to choose when working with our expert team.
We provide marketing, tenant screening, rent collection services, maintenance, and more. Contact us if you need reliable tenant services in Corpus Christi.
