What Is the Difference Between a Property Manager and a Real Estate Agent?

The Responsibilities of a Property Manager

The main responsibility of a property management company is to look after your investments on your behalf. This may include handling tasks such as leasing, maintenance, rent collection, and many more. In addition, property managers are updated on the local and state regulations, ensuring compliance throughout the lifespan of your investment.

If you have multiple units, hiring a property management company gives you peace of mind in knowing your investment is in professional hands. You can focus on other vital aspects of property ownership or engage in recreational activities, as property managers handle all the heavy lifting that comes with rental ownership.

The Responsibilities of a Real Estate Agent

A real estate agent is responsible for buying, renting, or selling properties. Unlike property managers, realtors help their clients find the right properties to purchase or rent that align with their preferences. Also, a real estate agent can help you find buyers or renters for your residential or commercial rental property.

When renting, selling, or buying a property, working with a professional real estate agent can take a huge load off your back. Realtors handle all the heavy lifting, from hosting open houses and looking for properties to marketing through listings and researching the local market.

Can a Real Estate Agent Be a Property Manager?

Sometimes, property managers grow their skill sets to include real estate duties. This is an excellent way to diversify income and increase the target audience. However, different states have varying requirements, so check with the appropriate authorities to ensure you make the right decision for your property. A property manager with a real estate agent license can provide a wider range of services, addressing your specific needs without compromising the bottom line.

How Much Involvement Do Property Owners Have?

Before hiring a real estate or property management company, most owners wonder how much control they will have. This is a valid concern, especially for owners who want to be involved in the day-to-day of their properties. On the other hand, property owners with busy lifestyles may relinquish all the responsibilities and only ask for regular updates. If you are a property owner, it is crucial to consider your availability and the type of services you need.

Call a Professional Property Management Company

At 3 Options Realty, we leverage extensive knowledge and experience to provide exceptional property management services. Our licensed property managers don’t just handle your daily responsibilities, but treat your investment as theirs. You can rest assured knowing you have access to full-time and full-service property management for your rentals.

Whether you own one rental space or multiple properties, professional property managers can handle all the heavy lifting, ensuring continuous support, optimum efficiency, and growth. Rental property management can be challenging, especially without the expertise and knowledge required to navigate the process. Contact us today and schedule a consultation with our experts to learn more about our services and how we can increase your return on investment (ROI).