Wednesday, November 6, 2013

Real Estate Brokers vs. Property Managers

So you have a rental home and you have a willing real estate broker that has offered to lease or manage your home - sounds like a no-brainer, right? Wrong!

Our real estate and rental markets are very strong in the Triangle. With minimal advertising, homes seem to lease quickly as more and more people are moving to the Raleigh area. Because of this, we have seen a growing trend of real estate agents assisting their clients with the leasing and management of their investment properties.

Although they have great intentions, real estate brokers are not usually experts in landlord/tenant laws, security deposit/trust account guidelines, Fair Debt Collecting laws and other laws directly affecting leasing and management of rental homes in the Raleigh area. They also lack the experience and means to thoroughly screen tenants prior to leasing your home. This can lead to problem tenants, renting nightmares and even legal problems down the road.

Just like there are different areas of medicine, there are different areas of real estate. You wouldn't see a podiatrist for a tooth ache, so you shouldn't see a "sales focused" real estate agent for property management services.  If you are selling a home, talk to a real estate  broker that specializes in sales. If you are selling a warehouse, talk to an experienced commercial real estate broker. But if you are looking for someone to lease and manage your rental property - contact an experienced property manager. Although they carry a broker's license as well, property managers are focused on one thing: the leasing and management of your investment real estate.

A good property manager knows the crucial tricks of the trade that only quality experience can provide. They will ensure you get the right person in your home, are in compliance with all applicable laws, and that your investment is taken care of for the long term. They will undoubtedly save you money and headaches in the long run and are worth every penny.

So when your talented real estate agent offers to lease or manage your rental home, don't hesitate to politely say, "thanks but no thanks" and contact a property management specialist like Golden Realty & Management. You will be glad that you did!


About Golden Realty & Management
Golden Realty & Management is a full-service real estate brokerage firm providing complete property management services for investors and owners of rental property  throughout the Triangle area of North Carolina. We utilize a high-tech approach for marketing and tenant management that, combined with our local experience, training and dedication, can help you save time and money while meeting your occupancy and profit goals.

In addition to property management, Golden Realty & Management can assist with buying or selling your home, land, or commercial property. We are members of the National Association of Realtors, the North Carolina Association of Realtors, and the Raleigh Regional Association of Realtors.

Visit our website at www.GoldenRealtyNC.com for more information.