The relationship between landlord and resident has some fine lines you do not want to risk crossing. For the security of your business, and your sanity, keeping an anonymous, professional relationship with your residents is a practical way to keep things running efficiently. By having the Real Property Management Diversified team on your side, we handle the messy and often stressful problems so you don’t have to.
It’s easy to form relationships with your residents as a landlord. Appliances need fixing, and the property needs tending; you could be visiting a resident every month or so depending on the situation. When you constantly have to visit someone renting your property, a friendship could potentially form. Suddenly you realize your resident has your personal phone number and maybe even knows your home address. Having that kind of information is harmless until a resident develops bitterness over an issue with the property. The risk in this is having too close of a relationship with your tenant and in result not wanting to be the “bad guy” if something goes wrong, when the resident can’t pay rent, etc. You end up in a situation you never wanted to be in just from being a helpful landlord.
How We Can Help
Your resident may also try and take advantage of you. By having a property manager, you totally avoid these issues. We handle everything from background checks to broken rules and rent is past due. We study the local and federal laws so you don’t have to, and we implement them with your residents to make sure there is always a clear understanding of the relationship between us, which is strictly professional. This removes you from the conflict completely by being anonymous.
Avoid Conflict of Interest
Maybe being a landlord is not the only type of business you are in. Being in politics, owning a restaurant, or any kind of public profession can cause conflict with residents trying to rent from you. If they recognize your name from elsewhere, then they may already have a predetermined idea of the kind of person you are. Whether it is good, or misinterpreted, having a property management team behind you eliminates the risk completely and protects your identity. Having that protection is definitely handy when a resident has to be evicted from a property and wants to take it out on the owner, especially if you run another business. You don’t want a resident leaving a negative review of your business online because of a rental property issue. Why risk getting your reputation dismantled if you don’t have to?