Q:

What are some advantages of rent-by-owner property leasing in San Antonio?

A:

Quick Answer

Rent-by-owner property leasing in San Antonio allows renters to find quality rentals at a lower cost due to exclusion of broker-related fees. Owners who intend to offer short-term rentals can do so conveniently on real estate sites without resorting to using brokers whenever they need to find tenants. Such property leasing helps nurture a tenant-landlord relationship that may be mutually beneficial, as Rent.com explains. Renters find good rental deals without the hassle of dealing with agents by renting from owners.

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Full Answer

Renting from an owner does not affect the quality of the rental a prospective tenant finds, according to Rent.com. By relating directly from a landlord, a tenant gets a personable experience, because the owner has a vested interest in the property’s well being. The landlord may also make concessions, such as allowing the tenant to negotiate the rent and making attempts to keep a good tenant happy, says ApartmentRatings.com.

Owner-listed rentals do not incur broker fees, allowing the owner to pass down savings to the renter, notes Rent.com. A renter is more likely to score a good rental deal when he deals directly with the owner. Single-family homeowners who have difficulty selling their properties may offer a lower price, because they are more motivated to supplement cost and the rentals lack various amenities. Such owners may not be conversant with the going rates of their properties, increasing the likelihood of under-pricing their units, says Market Watch.

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