For Rent By Owner: The Pros and Cons of Renting from a Private Landlord

Renting from a private landlord can add a personal touch to a transactional process.The kneejerk reaction of many renters is to search for apartments owned by a big company, complete with all the bells and whistles that implies. That said, it’s always a viable option to rent from a private landlord. In fact, depending on your way of life and communication style, it might actually be preferable to work directly with one property manager, rather than a whole office full of associates.There are perks and drawbacks to both options. Let’s dive right in and learn all about the pros and cons of renting from a private property manager. First, the up-side.Pro: private property owner, personal touchSome private landlords lease out rental properties like condos, townhouses or single-family homes where they used to live. Because of this, they’re often more emotionally involved in the property than a faceless corporation. For other landlords, the rental property is a serious investment, so it’s imp...