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What are the advantages and disadvantages of a private home rental?

Some owners will rent their properties privately (directly to market), rather than using a registered real estate agent or property manager to do this. While this may mean there are no letting fees, there are also some disadvantages to taking private rentals:
  • Private rentals may not have the same level of professionalism and promptness with regards to maintenance and tenancy disputes.
  • Owners who rent their homes directly to tenants are not always as familiar with their legal obligations with regards to inspections, rent increases, notice periods and the like.
  • Without a real estate agent or property manager to act as an intermediary, you may experience less privacy and have a more difficult time settling any disputes due to an owner’s lack of objectivity.
Your local First National Real Estate office will help you to find a great rental.  Our professional property managers and real estate agents are highly experienced and work with integrity and honesty.  Contact First National Real Estate today.
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