Frequently, landlords and rental owners will hire a property management company to locate and place a new tenant in their rental for a service fee. This service is referred to by various terms typically called a Leasing Service, Tenant Finder, One-Time Leasing or One Time Rental Service.
Simply put, this is when the property manager or owner hires a third party to locate, screen and place a new tenant in their rental property. At this point, the leasing service turns over all funds collected and the new lease agreement to the property manager or owner for the day to day management duties. The management service is paid a fee and has no further contact with the tenant.
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Usually, older properties will hire more financial rewards, because they compete with the new properties of the state of art complex featuring veteran can offer.
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