Renting my property, agency or myself?
You have decided that it is time to get extra money every month and you have a house that you could rent, perfect, but, what is the best way to put the house for rent? Do I need an agency to manage it? Could I rent it myself online?
There is not a single solution or a single answer to your question, but there are advantages to using an agency and advantages of doing it yourself. We will analyze the advantages of each one.
Renting through agency
Benefits:
1. Not to worry about legal issues
Most agencies will cover any legal aspect that is involved with the rental of your property, aspects such as the contract, taxes and fees will be managed or advised by them.
2. Reduce time in the search for tenants
One of the main benefits is that you will not waste time advertising your apartment or publishing it in various portals to find tenants. The agency will take care of that and eventually find a tenant.
3. Greater retention of tenants
When renting a home through an agency is usually associated with an initial commission, which is usually quite high, this makes people to have to spend a large amount in their home and after that they tend to stay in the longer.
4. Less stress
A good agency will handle all the issues and will be aware that the relationship with the tenant is correct, although this is not always the case.
Disadvantages:
1. Fees
The worst part of all is that the agencies are going to take some of your money. Most of them will take a commission that can be between 10% of the total rent or a fee of one month rent value.
2. Trust deposited in the agency
You will have to trust the agency one hundred percent, she will look for your tenant and rent your home, asking the tenant (in theory) some guarantees, but you will have to trust that the agency has chosen the right tenant, that he will not destroy the house and that he will pay every month.
3. Less freedom of decision
The agency will be the one that chooses the tenant for you, leaving you less room to maneuver when it comes to select the person that you would like the most.

Renting your home yourself through an online page:
Benefits:
1. Capacity to choose the ideal tenant
It will be in your choice the tenant you want to live in your home, you will have applications with different profiles, allowing you to choose the one that best fits with what you are looking for.
2. Guarantee offered by the page
Many online websites are already offering a guarantee for owners, they cover possible damages that may have caused the tenants.
3. No associated costs and therefore higher profits
Companies like hoomis.com allow you to upload as many properties as you want to your website without any cost, in addition, if you rent your home with us we do not charge any commission, receiving 100% of the money.
4. Guaranteed payments
Following the trend of the guarantees, the webs are beginning to guarantee payments, that is, if a tenant leaves the house suddenly, they will pay you the amount that you will not receive for the month, or they will look for another tenant immediately.
5. Possibility to manage everything comfortably from anywhere
You can be on the beach, on vacation or at work, you can manage everything online, from the publication of the flat to the acceptance of the tenant you want.
Disadvantages:
1. Time invested in the choice of the tenant
You will have to invest some time, to accept the tenant you want.
2. Difficulties in understanding the process
Some websites are a little chaotic and do not explain well the process of renting your home with them, for this reason, you will have to make sure to select a well explained website with good customer service.
3. Bad user experience for the user
In line with the previous point, some pages will have a fairly regular use experience. The ideal would be to select a website that you understand perfectly, with a simple and understandable design.
