What are the advantages and disadvantages of renting by myself versus using a leasing agency?
There are many advantages to using a leasing or rental agency to manage your rental properties. They are experienced at screening applicants and choosing acceptable renters based on verifiable employment, income, and references, rather than on gut instinct or emotion. When the refridgerator dies on a Saturday afternoon, or the plumbing backs up in the middle of the night, they are the ones who will deal with it instead of you. They are also experienced with collections and evictions, which most property owners find particularly distasteful and distressing. When a renter decamps in the middle of the night leaving rent owing and damages that must be repaired before the property can be rented again, they will know the best ways to deal with the situation. In short, they will handle all the parts that make rental properties a headache. The disadvantage is that they will charge for this service. Managing rentals is not just a matter of sitting back and collecting rent checks. While there ar
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