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I think my landlord came in when i wasnt home , i left a light on when i returned it was off , uncool ? |
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Buying a house but when to tell landlord? |
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Simple living expenses question? |
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OK_WHATEVER | Is it better to rent a house or apartment from a management company or a private individual? |
What are the pros and cons of each? |
|


Atrixo
|
It is always better to rent from a private individual. Management company has to make money for the owner. They will charge you the market rent. They may increase your rent every year. They will do whatever possible to make their property owner happy.
If you rent it from a private individual, you can try to create a good relationship with him. Most home owners worry about renting their suites to a wrong person. So if they think you are good, they will try to keep you there as long as possible. Most of them do not even bother to raise your rent because they don't want you to move.
I am one of those property owners. I have a very good tenant living in my basement suite. He has been living there for almost 10 years. I never increase his rent because I am happy with him. If he move out, I don't who will I get. It could be a bad person who do not take care of the suite. |
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lissie
 |
A private individual is usually better because there are not so many strict guidelines. But, then you could be dealing with a crackhead like I was once. Be careful, if the situation seems to good to be true it probably is. |
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Brian G
|
A management company is more likely to know the laws and requirements of the state. You know they will be open every week when something needs to be taken care of, as opposed to a private renter who may be on vacation just when your water heater breaks. While management companies are usually authorized to take care of small repairs, they may need to get the owner's okay before authorizing big ones, negating the benefit of being able to reach them easily (although they will probably also have a private number for the owner.) The drawback is that the management company will be going by a written set of rules given to them by the owner and may be unable to unwilling to work on a compromise when unexpected things happen. A private owner is more likely to understand you need a few extra days to get the rent after your car breaks down and you have to pay for repairs to be able to get to work, or your child had to go to the emergency room where you had to give up the rent money you had saved. |
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heshoots
 |
Depends.
I rented an apartment once which was owned by a couple. I never had one problem and I got 100% of my deposit back.
As far as management companies go, I've never had much trouble, except that in one case I only got part of deposit back because of what they told me were "standard" fees for cleaning the place even though I had it cleaning spotless even renting a carpet shampoo machine.
Friends have told me that they have had problems with both private individuals and management companies.
I would say talk to the landlord prior to renting and try to get a feel for what they would be like.
Good luck |
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rockinout
|
It will depend on what the lease says. I don't think it's necessarily better to rent from one or the other, just make sure you understand what you are agreeing to. |
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BlueBird70
|
Depends on the person. |
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bull_rooster_aardvark
|
Hard to say, some individuals are great landlords and really go the extra mile, while others never fix anything and are a pain in the a**. The same can be true of a management company, but they usually are more professional and have their act together better. I wouldn't worry about it to much, unless the individual really doesn't seem to have it together when you view the house (in which case you may want to avoid them). |
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DSatt57
 |
I have had better luck with the companies. And it depends on how well you know the individual.
Usually with an individual, they aren't as strict with the rent date but that's not always constant.
Companies usually have the ability to repair even when you're not at home if you are in a complex..
Companies if you are in a complex will have some sort of rules regarding noise, etc. Individuals do not have control over the neighbors.
Companies are more likely to repair and remodel since they have more money coming in but that depends on the company also. |
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gobble gobble
|
I would say just buy a cheap place and save yourself the hassle and $$$$. My smart friend bought her place as soon as she moved to college. Stupid me rented. I have moved 6 times in the past 3 years because I can't find a place that isn't run by idiots. I wasted a lot (an I mean in the thousands) of dollars by renting. I am planning on buying my own little place here like my friend did until I graduate from college. |
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LifesAMystery
|
Mgmt Co:
pro = this will be a professional arrangement and they're paid to take care of things. they have resources to make necessary repairs.
con = if it's not a reputable company, then you could be in trouble; also, they may not be sympathetic to troubles (if you need repairs because your pet destroyed something) or allow any payment arrangements
Individual:
pro = more sympathetic, you may be able to make agreements should something go wrong.
con = this is their home so they may be nitpicky, overbearing, or just plain obnoxious. an individual may not be as professional. you may have issues with repairs.
Good Luck |
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pyj
|
that from a management company may be more trusty. they generally have a standard of quality of service and prices that may cause you higher. You could get cheaper house or apartment from the private individual, but you have to take risk of uncertainty in some aspects. |
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Anybodycandothis
|
There are some times where its better from an individual and some where its better from a co.
So you have to take it on a case by case basis to be factual and accurate however if you were to say "most of the time" and "on average" I would say its better to rent from an individual.
I am a real estate agent |
|

BIGL
 |
if you can get a house for about the same as rent is for an apartment it would be better cause apartments nowadays are very high and if you can get one from a private indivisual you'd probably get a better deal if there your friend but either way your gonna pay more alot so id go for the house good luck. |
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