Property Management vs. Realty Company

Sep 16, 2011 12:39:04 PM

I get calls often here at T&H Realty Services where it seems prospective tenants don’t understand the difference between a Realtor and a Property Management company. The two are similar but they are also different and offer different services.

For instance, one woman asked me to set her up with showings for some ranch rentals, meaning all of the bedrooms on the first floor. So I looked through our listings (we had 24 at the time), and sent her an email with the two ranch-style homes we had that I thought might work for her. She emailed me back, saying the two homes weren’t exactly what she was looking for, and she attached a list of other homes that she would like to see instead.

The homes attached were in fact rentals but weren’t OUR rentals, meaning we don’t manage the property.

This brings me to the biggest difference between a Property Management and a Realty company:

Property Management companies generally only show the properties they directly manage while Realtors can show rentals all across the city. Realtors are licensed to negotiate the sales and rentals of real estate. A Property Management company manages the real estate for rent which includes building a relationship with the Owner and maintaining the maintenance on the building.

This same rule also applies when someone calls or emails asking “Can you find me a rental property….?” Our Agents don’t do showings for other Realtors or rental properties, so what we have available on our list is generally all we'll show.

With that said, it is very important for prospective tenants to be proactive and keep looking at our company website as we add new rentals to the list daily.

Not all Property Management companies are the same, but it is important to be familiar with the application process at T&H Realty Services before applying.

First, our application is all online, which makes it easier for out-of-town prospective tenants as well as in-town but busy professional tenants. In addition to the online application, there is also a background check consent form that must be submitted.

Also, we need pay stubs or any other verification you can submit of your income and we need to speak to a past landlord.

Once we have all the information we need, T&H Realty will either accept or deny you as a prospective tenant. If you are accepted, a summary of your application will then be submitted to the owner of the property, whom we work with very closely, and they ultimately have the final say-so in who rents the property.

Jeremy Tallman

Written by Jeremy Tallman