3 Misconceptions Surrounding Property Management Companies
Posted on: 16 March 2016
When renting a new apartment or house, renters often have to deal with a property management company. Property management companies are nothing like working with a private landlord. Many people are worried that a property management company is going to be more difficult to deal with, but that isn't the case. All too often, misconceptions about property management companies lead people to go somewhere else. Don't let one of these misconceptions prevent you from renting through one of these companies.
Their application process is the same as everyone else's.
Does it seem like it's taking forever for an apartment complex to run an instant credit check on you? This isn't because they use a slow service. After all, we live in a digital age where information can be transferred in seconds. The reason application processes with property management companies take longer is because they work with third parties to approve or deny you. This third party is often responsible for running the background and credit check. Because they are off-site and are working with multiple management companies, the process can take weeks to complete.
They can turn your utilities off.
A lot of people think that their landlords control their utilities, especially if they pay one flat fee for everything. Even if your landlord is making the payments to the utility companies, they are not the person who gives you access to them. The utility companies themselves have to be the one to shut your power off, which usually happens due to non-payment. Property management companies can pick the utility provider and how you pay the utilities; however, they cannot just deny you power or water.
They are responsible for grooming your yard.
While most apartment complexes hire a landscaping service and include the cost in your rent, home renters will often have a different experience. Property management companies aren't responsible for grooming your personal yard. Even if you only have a small fenced-in space with a bit of grass, you are the one responsible for upkeep and care. Even though your property management company isn't responsible for the space, they can fine you for not grooming it properly and disrupting the community.
There are a lot of rules and regulations when it comes to renting a property. If you are planning on renting an apartment or home from a property management company, you need to have a good understanding of how they work. This helps you avoid confusion later on and gives you a better idea of what to expect while renting. Contact a company like Vintage Corporation for more information.
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