A common misconception about Gwinnett property managers and real estate agents is that these occupations are more or less the same. But in reality, a property manager’s duty is not that similar to that of a real estate agent. While both positions are closely linked to the housing market, there are far more differences than similarities. Learning these differences between real estate agents and property managers can help guide rental property owners to know who to contact when professional expertise is needed.
By definition, a real estate agent is a person who lists and sells properties for owners and investors. While a handful of real estate agents specialize in aiding buyers to find and purchase investments in real estate, the agent’s role is still centered around the sales transaction. The duty of a real estate agent is dependent on the current housing market. As market conditions vary, it is common for real estate agents to find their business (and income) jumping up and down. In some circumstances, real estate agents may help provide tenants with a rental property, but their participation with the tenant and the property owner typically ends when the lease is signed.
More Key Differences
On the other hand, a property manager deals with helping property owners and investors manage their rental properties. There are many services a property manager gives, but the bulk of what they do would be working on behalf of a property owner to oversee property maintenance and repair, tenant screenings, collecting rent payments, etc. A property manager, unlike a real estate agent, is in a contractual role wherein they are paid for their ongoing management services, whereas real estate agents make a lump sum of commission at the end of their contract. Also, property management is not likely to be greatly affected by a fall in the housing market, unlike the real estate business. In fact, property managers may experience an increase in their workload during market downturns. This is because several property owners would rather go into renting instead of selling at a potential loss.
What Property Managers Do (And Real Estate Agents Don’t)
Besides the fundamental differences between real estate agents and property managers, there are other tasks top-rated property managers perform, that real estate agents usually don’t have the need to do. One of the most critical jobs as a property manager is completing an extensive, thorough background check for all potential tenants. After a tenant has been screened, an experienced property manager will initiate building relationships with the tenants by having open communication and explaining the lease documents in a clear manner. Property managers will also schedule and perform regular maintenance on a property and take on emergency repairs and tenant complaints. Here at Real Property Management of Greater Gwinnett, we take all the necessary steps to house only the most qualified tenants in our rentals and do everything in our power to keep them satisfied during the term of their lease.
Helping property owners and investors analyze the local market, setting an accurate rental rate, and giving suggestions on how to maximize a property’s earning potential, are a few of the less common but valuable services that some property managers provide. They can also help you find and compare additional rental properties to invest in. These are not traditional services among most property managers. Usually, only the top in the business will closely work with rental property owners to aid you not just manage a property, but build an investment business. It is important to find a property manager who has your best interest and will do what they can to establish a successful relationship to make the term of the contract as painless and beneficial for everyone as possible.
The Value of a Great Property Manager
Real Property Management is one of the nation’s top property management companies. This is due to the fact that we offer a full range of services that rental property owners and investors need to reach their financial goals and dreams. Our experts will assist you in setting an accurate rental rate and keep costs down by using our trusted home services vendors. This is why a lot of our clients note that the value of our services far exceeds the cost. We pride ourselves on our strong communication and satisfactory reviews from our past clients. If you need a property manager and want superior service, look no further!
There are major differences between real estate agents and property managers, but the key similarity is that they both work very closely with investors and owners. Both professions are guided around customer satisfaction, and both aim to leave the customer content with no further issues. After knowing these distinctions, you should know exactly who you need for all your housing market needs!
If you are looking to move into Gwinnett County, contact us today and we will help you find the perfect rental home! If you own a home and would like to rent it out in Gwinnett County, reach out to us and we will be glad to assist you in the process!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.