If you’re thinking about renting a home, there is no question that using a property management company is the way to go. This helps both renter and property owner talk business without topics becoming awkward or personal. Below are a few common problems / challenges that renters face and our recommendations on how to address them. Of course, we feel that property management companies can always offset these issues before they arise.
First, what happens should a home become broken into? Who pays for the door? Prices and costs will be legally charged on the rental house company or the owner. You will probably pay in advance the cost of any reparation, but you will refund by the rental house company as soon as possible. Of course, there are circumstances for everything- but in the event a door or a window is broken into (or simply broken) and in need of immediate repair, the renter will usually pay up front for the quick repair and get their money back by check or a rent credit.
Second, landlords who are always in your business. This is a common problem when renting a home. Most states and cities have laws on when and how often a landlord or property management company can come in to the home you are renting. Of course, this varies but almost always is notice due to the renter and almost always it has to be for good reason. You should know the law and if your landlord is breaking it, report it.
Finally, dated fixtures. Sometimes you can’t overcome this, but sometimes you can. If you need the carpet out and want upgraded vinyl flooring that looks nice (or even painted concrete), you can always offer to pay for half the cost. If you’re willing to pay a little more for a temporary upgrade, know that it never hurts to ask. Sometimes landlords don’t want to put a lot into a property because they are unsure who the renter is. But, if you are willing to put half the money where you mouth is, you may end up with better flooring or appliances.