Big Guys vs. Little Guys vs. College in Property Management

by Eli Stevens


Posted on 2019-07-09 14:07:03


I did the math and discovered that I’ve moved more than fifteen times in the last decade. That seems like a lot, especially for someone who hates moving so much.

 

In those ten years, I’ve dealt with several types of property management. For the most part, I have had a positive experience with renting. At other times, I’ve wanted to rip out my hair because the process seemed so convoluted, and I wanted to tell them, “Look, it doesn’t need to be this hard. There really is a better way. Let me tell you how these people I know handle the renting process…”

 

But they won’t listen to me, and in some cases there is nothing the people in the office can do about it anyway.

 

So here is my response - a pros and cons list about the different types of property management I have dealt with in the past decade.

 

Big Guys

    Pros-

  • As a larger company, they will have internet presence and so will be easy to find
  • Get updated more often
  • More amenities
  • Most allow pets

    Cons-

  • The process is slow
  • It can be hard to get a hold of the manager
  • They use across-the-board leases with stipulations that don’t apply to you but you have to sign it if you want the apartment
  • You probably won’t talk with the same person more than once
  • Lots of fees

 

Little Guys

    Pros-

  • Better prices
  • Easier process
  • You know all the people in the office and who you need to talk with for different issues
  • If you like to work with humans rather than technology, this is the way to go

    Cons

  • Hard to find, so you will need to know someone who knows someone…
  • No reviews to see what management and the place is like
  • The apartments tend to be older

 

College

    Pros-

  • They don’t require you to do a background check or provide proof of income
  • Willing to work with you - one place I lived wanted the last two months paid in advance, which was money I didn’t have, so I asked if I could pay when the months came since I did have a job, and they said yes, no other questions asked
  • Won’t ask you to do yard work

    Cons-

  • Crowded
  • Parking is strict and your guests will likely be towed
  • If they outsource their maintenance, you may have to wait a while for anything to be fixed

 

Obligatory disclaimer - all examples are from personal experience and may not apply to all circumstances.


Other Recent Posts

  • 8 Ways Renters Can Save Money
  • More Income Streams from Your Properties
  • What Renters Need to Know When the Property is in Foreclosure
  • Ways to Increase the Cash Flow on a Rental Property
  • Documenting Wear and Tear vs Damage
  • Moving Out
  • Landlording, Then and Now
  • Considerations When Running a Virtual Property Management Business
  • Benefits of Air Conditioning
  • Big Guys vs. Little Guys vs. College in Property Management
  • 5 Ways to Show Appreciation to Your Tenants
  • Moving In
  • Reasons Why Landlords Screen Tenant Applicants
  • SUBLETTING FAQs
  • Will You Allow Smoking in Your Rental Property?
  • Your Roommate Is Moving Out
  • What are the Pros and Cons of Renting to Roommates?
  • Renters Insurance
  • What to do When Tenant Stop Paying Rent
  • Mistakes to Avoid
  • Tips for First Time Renters
  • Tenants Responsibilities for Repairs and Maintenance
  • Things to Remember When Renting to Elderly Tenants
  • Time to Return
  • Handling Utilities at your Apartment
  • Bed bugs problem: Who's responsible for it?
  • Different Eviction Notices for first time Landlord and Property Manager
  • How to Invest in Commercial Property
  • Types of Rental Agreements
  • Security Alarm on Rental Property
  • Tips in Making Every Rental Turnover a Smooth One
  • Types of Landlords
  • Investing in Real Estate
  • Landlords Life Hacks
  • The Advantage of Cloud-based Property Management Software
  • Buying Second Home / Vacation home
  • How to Find Former Tenant
  • Rental vs Lease Agreement?
  • Security deposit; is it necessary?
  • A visitor, a guest, or a tenant?
  • FAQ's on Rent Collection Concerns
  • Everything online, and heres why
  • Advice from Other Landlords
  • Smart Housing's Online Leases
  • Characteristics of a long-term renter
  • Keep warm in the winter - Inexpensive Ideas
  • Smart Housing's Online Screening
  • How to Do a Basic Video Tour
  • A Tool of Advertising
  • Smart Housing's Online Applications