Managing one’s own real estate investments offers a direct approach to leasing, eliminating the intermediary role typically played by brokerage firms. This involves advertising available units, screening prospective tenants, handling lease agreements, and managing ongoing maintenance and communication. For example, a homeowner might list their property on online platforms, conduct showings, and collect rent payments directly.
This approach offers potential financial advantages by removing commission fees, providing greater control over tenant selection, and fostering a more direct relationship between owner and renter. Historically, property management was largely handled by owners or local caretakers. The growth of specialized real estate agencies introduced a convenient, albeit sometimes costly, alternative. However, the rise of digital resources has empowered individuals to manage their properties independently once again, potentially increasing profitability and offering greater flexibility.
