The phrase denotes rental housing choices in a particular geographic neighborhood, the place the property is managed by a person relatively than a big company or property administration firm. These leases can vary from single rooms in a shared home to total flats or homes owned and operated by a personal landlord. As an example, an individual looking on-line may use this expression to find a small residence advanced owned by a household or a single particular person managing their rental properties.
Searching for housing preparations by particular person landlords typically presents distinctive benefits, together with doubtlessly extra versatile lease phrases, customized interplay with the property supervisor, and a higher willingness to barter on sure points. Traditionally, many leases had been managed straight by homeowners, however the rise of large-scale property administration companies has modified the panorama. Regardless of this shift, individually managed properties stay a big section of the rental market, providing a definite different to company leases.
