As a rental property landlord, you might be in over your head with all your property tasks. Or, you might be looking to take a step back to free up time for yourself or other investments.
The bottom line is that you need help, but what kind? Rental management and tenant placement are two common options for Omaha, Nebraska landlords.
The right one for you will depend on your struggles, time commitment, and budget. Keep reading to learn the differences to decide which is better suited to your needs.
Rental Management vs. Tenant Placement: The Differences
Rental management services are generally full-service. You get to be a hands-off landlord while a property manager handles these tasks:
- Tenant screening
- Maintenance and repairs
- Rent collection
- Tenant relations
- Property marketing
- Tenant relations
If you prefer to be more involved, tenant placement services might be better suited to you.
A property management service will handle the tasks a tenant placement service handles and more. In contrast, tenant placement services only include:
- Tenant screening
- Property marketing
- Lease agreement facilitation
The rest is left up to the landlord.
Which Is Better for You?
Your struggles, time commitment, and budget will impact your decision between rental management and tenant placement.
If you have multiple rental properties, for example, it makes sense to hire rental property management services. You'll be unable to be at all of your properties at once.
What Do You Struggle With?
If you are a great property manager struggling with attracting tenants, tenant placement is the ideal solution. There are different types of tenants and you can't see the difference between them.
A tenant placement service can screen applicants to ensure only quality tenants live on your property. This can save you money in the long run and keep surrounding tenants happy.
How Much Time Do You Have?
If you don't have a lot of time to dedicate to your investment, full-service property management is right for you. Being a property manager is a full-time job. Without adequate time to commit to your investment, it won't succeed.
Outsourcing property management allows you to take a hands-off approach. You can free up time for yourself or dedicate it to other investments.
What Is Your Budget?
Rental management and tenant placement services don't come free. However, many property owners would agree that they are well worth the costs.
If you have a larger budget, invest in full-service property management. Because tenant placement services involve fewer tasks, it's more affordable.
Don't Be Afraid to Ask for Help
Investing in Omaha real estate can get complicated. You might have started as a great property manager, but a growing investment involves more help.
Depending on your struggles, time commitment, and budget, rental management or tenant placement might be right for you. No matter your needs, we've got you covered!
Aksarben Property Management has adopted the most effective techniques in the industry. Our strong suits range from inspections, leasing, security deposits, maintenance, and more.
With a value proposition, we do more for less. Contact us today to learn more about our services.
