Difference between Landlord and Property Manager.
What Is The Difference Between Landlord And Property Manager?
The main difference between a landlord and a property manager is their role in the management of rental properties.
A landlord is the owner of a rental property who rents it out to tenants, while a property manager is responsible for the daily operations and management of the property on behalf of the owner, who may be the landlord or a larger management company.
As the owner of the property, the landlord is responsible for making repairs, collecting rent, selecting tenants, and enforcing lease agreements. However, they may choose to hire a property manager to handle these tasks for them, especially if they own multiple properties or if they live in a different location.
The property manager’s role includes advertising vacancies, screening tenants, collecting rent, handling tenant complaints and repair requests, scheduling regular maintenance and upkeep, and enforcing lease agreements.
They often have a more hands-on approach to property management and serve as a direct point of contact for tenants.
A landlord is a person or entity that owns a rental property and leases it out to tenants for a period of time. The landlord is responsible for maintaining the property, collecting rent, and ensuring that the tenant abides by the terms of the lease agreement.
On the other hand, a property owner is simply the person or entity that owns a property. This can include both rental properties and properties that are not rented out. Owning a property means being responsible for its upkeep, taxes, and other related expenses.
While the two terms may seem interchangeable, there is a distinct difference between them. A property owner may choose to rent out their property and become a landlord, but a landlord is always a property owner.
Understanding the difference can help tenants and property owners better understand their roles and responsibilities in the rental process.