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Private Rental vs Apartment Complex

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Transcript

Hey, everyone. Going over some differences between independent landlords and leasing offices, kind of what to expect when you're dealing with both.

For an independent landlord, that's an individual who owns and manages a small number of rental properties.

Some pros you're getting with that are personal touch, personalized experience when you're working with an independent landlord, flexibility on negotiating and lease terms, direct communication, and that often times leads to quicker responses.

Cons on the other hand or, independent landlords can sometimes have limited resources with manpower to fix issues.

And again, along the lines of maintenance, a lot of that maintenance might be your responsibility in the first place, depending on what your lease agreement states.

Moving over to a leasing office, it's often associated with, you know, a larger apartment complex or property management company.

Some pros with this are the amenities. You know, you might have a pool, gym, some communal spaces, after hours maintenance services or quick maintenance services during the day. And then just consistency across the board with lease terms and policies are typically standardized.

Some cons with leasing offices, the interaction can often seem a lot less personal. You feel like another number, and that can be a con for some people.

The other con listed is limited negotiation.

What's a pro, it's also listed as a pro, the standardization that can also be a con. They have to kind of go with the same rules across the board.

Some examples you'll see here, this is an example of an independent landlord. He's got his listing, and just his phone number for you to contact.

Whereas this, Imagine Homes Corporate, this is a property management site. And a lot of times they their stamp kind of posted across the picture, so you can tell.

This is a property management website. You can kind of see an example. It's less less personal because you're filling out this form in order to even get in contact with them.

Another example of an independent landlord. This is just a single family home listing.

You see the contact information here.

This is an example of a leasing office or a large apartment complex.

To get ahold of this complex, you're gonna have to probably contact an office. But again, if you look at the amenities, they have a lot to offer on that end.

So it's very much, about what's most important to you. If amenities and quick maintenance are important to you, a leasing office is not a bad way to go. And, you know, on the other hand, if flexibility, open communication and just kind of that personalized experience are more for you, then maybe an independent landlord is a better fit.

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The Resource Center content, including all videos and other media, is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial or other advice. The advice and information contained in the Resource Center is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation