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

  • Pest Control in Rental Properties
  • Three Screening Tips to Avoid an Eviction
  • How-to-Videos for New Move-Ins
  • Preventing and Minimizing Water Damage from Flooding
  • Is Keyless Entry Right for You?
  • Rental Property Rehab
  • Staging a Rental Property
  • Preparing Rental Properties for Winter
  • Do-It-Yourself Landlords
  • Harassment by Tenant
  • Harassment by Landlord
  • Renting Your Home to Military Family
  • Renting a House vs Apartment
  • Pros and Cons of Pet Living in Apartment
  • Property Manager Needs To Know
  • Things to Know Before Signing a Lease
  • Renting to Student
  • Tenant Violated a No Pet Clause
  • How Apartment Leasing Work
  • Things to Remember When Renting Out Your Apartment
  • Having a Virtual office: Its Pros and Cons
  • Best Way To Clean Your Windows
  • Bed Bugs and How to Control It
  • Tenant Terminating Lease Early
  • Do's and Don'ts of Living in Apartment
  • Landlord FAQs
  • PROs & CONs of Multifamily Homes
  • Pros and Cons of Month-to-Month Rental Agreement
  • Common Problems Landlords Face in Dealing with Their Tenants
  • FAQs on Evictions
  • Rent Collection Issues
  • Advertise your Rental Property
  • How Much Will My Property Rent For?
  • Tips for First Time Landlords
  • Prospective Tenants
  • Ways to Handle Rent and Security Deposits
  • How to Increase Rent
  • How to be a Good Landlord
  • Reducing Vacancies
  • Serving an Eviction Notice
  • Tips on How to Avoid Rental Fraud
  • Tenant's Abandoned Personal Property
  • Tenants Need to Know About Apartment Inspections
  • Tenant's Rights Violated
  • Establishing Rental Standards
  • Common Reasons Tenancy Ends
  • Rent Collection Tips & Techniques
  • To Rent or Not to Rent to Pet Owners
  • Knowing Your Rights as a Tenant
  • Methods of Collecting Rent