Property managers have laws and regulations to follow. If not followed, fines, license suspensions are possible. Therefore, a higher level of commitment, and attention to detail is important for a property manager. This is why a credit check and income verification is crutial to a PM for qualifications. Also, we must follow equal housing laws.
And, if there are repairs needed, a property manager,SHOULD, be more accountable to get things fixed in a timely manner.
A private owner can be more flexible on security deposits or other things, yet has no governing body to regulate them. I know several people that do it themselves and its fine for them. As said below, if the house is in foreclosure, you as the tenant has very few rights to stay if and when the house is sold.
It is like buying fruit at a corner with a guy and some baskets or at the grocery store. The store has to follow rules and regulations. Both can work in there own way. With a permitted property manager, you can have more peace of mind that everything is legal and protected
If you need help in your search, I can help you with that at no cost to you. Feel free to give me a call or email me for more information
Realtor, Property Manager
8625 S Eastern Ave
Las Vegas, NV 89123