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Is it better to let a Realtor or a property manager screen tenants for you?

12/30/2023

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A leasing professional who is also involved in property management has "skin in the game" during tenant screening. It means they are more accountable and invested in the process due to their ongoing involvement with the property and its tenants. This situation presents several implications:
  1. Long-Term Relationship: They understand that by selecting tenants, they'll have an ongoing relationship with them. Therefore, they're inclined to be more diligent in the screening process to ensure a good match between tenants and the property. This reduces the likelihood of conflicts and issues down the line.
  2. Responsibility and Accountability: For the tenants they bring in, knowing they'll be the ones receiving the calls, this incentivizes them to conduct thorough screenings, considering factors beyond just rent payment capability, such as compatibility with the property's rules, policies, and community atmosphere. And to be extra alert when interviewing references.
  3. Quality of Service: They recognize that their role extends beyond the initial lease signing. Therefore, they are more likely to focus on providing a positive experience for both the property owner and the tenants. This might involve addressing tenant concerns, managing property-related issues, and ensuring a harmonious living environment.
  4. Property Reputation: As they continue managing the property, they understand that the quality of tenants significantly affects the property's reputation. Thus, they're motivated to select tenants who are more likely to be responsible, respectful, and compliant with the property's guidelines.

For the renter and property owner, there are also several advantages to having the same professional doing leasing and management: Having your leasing professional also manage your property isn’t just a time-saver; it's a strategy for success.

Seamless Synergy:
When the person who leases your property also manages it, they intimately understand its ins and outs. That means a seamless transition from showcasing the space to handling the day-to-day details of property management.

Consistency is Key:
One person overseeing both aspects means a unified approach. From screening tenants to maintaining standards, the process remains consistent, ensuring the perfect fit between tenant and property ethos.

Communication Champion:
Having one point of contact streamlines communication. There's no back-and-forth; it's direct and efficient, ensuring that issues are promptly addressed and tenant relationships are nurtured.

Preserving Property Health:
A leasing professional who also manages prioritizes the property’s well-being. They’re invested in finding tenants who respect and care for the space, reducing potential damages and fostering a community-driven atmosphere.

Elevated Property Value:
Long-term tenants contribute to increased property value. When your leasing pro knows how to lease for long-term tenancy and manages with the property’s future in mind, your property becomes a sought-after gem within the community.

The Human Touch:
It's not just about business; it’s about fostering a community. Having one person handle both roles creates a personal touch. Tenants feel heard and valued, contributing to a positive and harmonious atmosphere.

In a nutshell, having your leasing professional also manage your property isn’t just a time-saver; it's a strategy for success. It’s about curating a seamless experience for both property owners and tenants, creating a community that thrives under a shared vision for the property owner's best interests at heart. When one person embodies both roles, they don’t just manage a property; they cultivate a space where tenants feel at home and property owners feel at ease.

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  • Home
  • Pricing
  • FAQ
  • Our Properties
  • Locations
    • Brentwood & West LA
    • Santa Monica
    • Venice Beach
    • Westwood
    • Culver City
    • Marina del Rey
    • Playa del Rey
    • Westchester
    • Hermosa Beach
    • Redondo Beach
    • Sherman Oaks
    • Burbank
    • Silver Lake
  • Specialties
    • Single-Family Homes
    • Luxury
  • Free Tools
    • Rental Cash Flow Estimator
    • HOA Annual Budget Planner
    • Home Rent-Ready Checklist
  • Blogs
    • Property Management Blog
    • HOA Management Blog