If you are looking for a single-family residence, a townhome or a condo rental but are unsure of difference between renting from a professional property management company versus renting directly from a homeowner or renting from a Realtor who is not working with a property management company, look no further as we explain the differences!
Why you should not rent directly from a homeowner
If the homeowner lives locally, he or she may decide to visit unannounced and/or peer into your windows. If he or she is not local, you may have difficulty reaching the owner whenever you need to get something fixed or in the event of an emergency.
If the homeowner does not use a property manager or a real estate professional when finding a tenant, he or she is evidently unwilling to incur that cost, so the home is most likely infested with DIY fixes and/or those done by questionable contractors. And you will probably be nickel and dimed to death with repair deductibles.
In addition to these issues, the owner most likely used a lease found on the internet which may not afford you adequate protection. Worst of all, your security deposit probably ended up in his or her personal checking account.
Why you should not rent from a Realtor who is not working with a professional property manager.
If you are considering using a Realtor to help you find a rental home, the individual may be the consummate professional who can find the ideal residence for you. However, if the Realtor is not working with a professional property manager, as soon as the ink is dry on your lease you’re going to be on your own and probably subjected to the issues mentioned in the previous section. The Realtor in this case only had a contractual relationship with the homeowner for as long as it took to find a tenant. Once the lease was signed, the relationship concluded and the Realtor no longer had the authority to come to your defense should you experience and of those issues.
Why you should not rent from a professional property management company that also sells real estate.
While nearly all local professional property management companies provide a similar suite of services, believe it or not, not all property management firms are created equal! The primary difference among these firms in our area has to do with whether or not they offer real estate sales services. Typically, real estate firms focus mainly on real estate sales. The real estate industry is mostly commission-based and listing homes for sale has the potential of generating a large volume of revenue. The firms which offer professional property management as well unfortunately do this primarily as a way to create income when the sales market becomes depressed. And because property management is basically a means to an end in that regard, these firms generally allocate minimal resources for it. The property management wing of these firms is often understaffed so the property managers are constantly racing around putting out fires and trying to keep up. And their inventory of managed homes suffers accordingly as do the tenants living in these homes. Because of the vast difference between sales revenues and property management revenues, the focus of firms that offer both services will always be on sales. This is especially true for the firms which manage fewer than 100 homes. Faced with addressing a leaking dishwasher or a million dollar sale falling apart, you know what their priority is going to be.
What sets WJD Management apart from all the other professional property management companies in our area.
Of course, you can imagine we’re telling you all this to convince you that WJD Management is the best residential property management company in Northern Virginia to rent from. But the truth is, we are the only licensed real estate brokerage in our area that does not have a real estate sales arm. This means that our focus is 100% on managing the rental homes in our inventory, as our many five-star tenant reviews can attest to!
What tenants love about WJD Management
- Online Maintenance Request Process
- Convenient Online Rental Payment System
- Long-Term Renters Welcome
- Pet-Friendly homes
- 24/7 Emergency Service
- Security Deposit Held in an FDIC Insured Escrow Account
- Only Class A General Contractors Used, No “Handymen”
- Telephone Calls Answered By A Live Staff Member