What Sets Apart a Leasing Agent From a Property Manager?
Real estate investment is a thriving business that continues to positively impact lives. Many successful real estate brokers have mastered the art of doing business, which often includes knowing when to delegate their property management duties to save time. Real estate investors frequently rely on the support of leasing agents and property managers, roles that are commonly misunderstood.
The question then arises: What is the difference between a leasing agent and a property manager?
Who Is a Property Manager?
A property manager is a term used to refer to an individual hired by a real estate company to take responsibility for the day-to-day repairs, security, maintenance, and upkeep of properties. A property manager is the real estate company’s support when they are unable to manage a given property themselves.
In addition to day-to-day maintenance of properties, property managers also resolve tenant issues, collect rent and deposits for the said property, communicate with the property owner, and showcase vacant rental units, among other duties.
Who Is a Leasing Agent?
A leasing agent also works as a real estate support agent. Their responsibility centers on finding new tenants for a commercial or residential property. A leasing agent will also provide customer services to existing tenants, such as handling the signing of leases.
Leasing Agent vs Property Manager
When it comes to property manager vs leasing agent comparisons, several aspects highlight the unique differences between these two roles, including:
- Rental Laws: Property managers are also expected to possess extensive knowledge of rental laws, which include federal, state, and local regulations regarding the management of rentals. Property managers ensure that a business complies with these laws, while a leasing agent has nothing to do with these laws but only in solely filling vacant units.
- Sales and Operations: Property managers are responsible for the day-to-day operations of a rental or commercial property, while leasing agents are responsible for finding tenants to fill vacant units. Property managers focus on operations, while leasing agents focus on sales.
- Safety Oversight: Property managers also perform a unique role compared to leasing agents by keeping the property safe and helping an estate agency avoid potential lawsuits. On the other hand, leasing agents maintain a transactional approach with the owners, and they have no oversight roles on the property they help fill.
- Tenant Communication: A leasing agent is only responsible for communicating with a tenant when they express their interest in a given property, but the communication ceases after they sign the lease. Property managers then take over all communications with a tenant after they have signed the lease and assumed residency.
Explore Leasing Consultant Staffing in Atlanta
If you are thinking of finding suitable support in managing your property, you must do your homework well. At OnSite Property Solutions, we specialize in leasing consultant staffing in Atlanta. Our recruiters have mastered the art of finding talent from a massive pool, and we ensure that your leasing agent is fit for different roles and is trustworthy.