While both a property manager and a real estate agent are involved in the aspects of renting or buying properties, their roles are still quite distinct. Knowing the difference between these roles can help you effectively assess your needs and understand how they contribute to a successful property investment.
A Real Estate Agent
These are the guys that you’re most likely to need once you’ve decided to search and identify the properties that meet your criteria. When you are interested in buying, renting or selling your dwelling, a real estate agent can help you through the process. The real estate agent obtains useful resources and connections to match up the property with a prospective buyer according to the local prices and prices that the market can accept. Ultimately, the agent is responsible for bringing the buyers and sellers together to complete the final transaction.
A Property Manager
A property manager comes in the picture once you have finalized your transaction on the property. A property manager’s main function is to maintain a property. This includes physical maintenance and repairs on property, rent collection and screening of tenants to assure a successful investment on the property. They may also help advertise your listing. Overall, a property manager’s main interest is the buyers’ and/or tenants’ satisfaction and safety with the condition of the property that is being rented or owned.
A real estate agent and a property manager both play an important part in the process of choosing a property to rent or own. You want to be taken care of financially before and after your investment on the property, therefore it is important that you are carefully informed on the difference between a real estate agent and a property manager.
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