The relationship between a landlord and a resident draws out 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 useful way to keep things running smoothly.
By having the Real Property Management Gold team on your side, we can handle the messy and oft times stressful problems you don’t necessarily want to.
As a landlord, it’s easy to create relationships with your residents. Appliances need repair, the property will require regular maintenance, which could all lead to a landlord seeing a resident frequently. This consistent interaction with your residents could lead to something like a friendship potentially forming. Suddenly, you realize your resident has your personal phone number and maybe even knows where you live.
This kind of information can be harmless, that is until a resident becomes bitter over an issue with the property. The real risk with this type of interaction with your resident is that it can become uncomfortable to perform some aspects of the job such as penalizing for late rent, or even evictions. This could not only compromise your authority as a landlord but also could harm any potential friendships that you had as well.
How We Can Help
This situation could also lead to your residents trying to take advantage of you. By having a property manager, you avoid these issues completely. We handle everything from background checks, to broken rules, to rent being past due.
We know the local and federal laws, ensuring that all decisions made, and actions enforced are within legal limits. We always remain professional, doing the most to keep your property thriving. This eliminates you from the conflict completely by being anonymous.
Avoid Conflict of Interest
Perhaps being a landlord is not the only type of business you are in. If you are in politics, own a restaurant, or have any sort of public career can cause conflict with residents trying to rent from you. If they recognize your name from elsewhere then they may already have a preconceived notion of the type of person you are. Whether it is good, or misinterpreted, having a property management team behind you eliminates the risk entirely, and protects your identity.
Having that protection comes in handy when a resident needs 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 on your business online because of an issue with a rental property. Why risk having your reputation dismantled if you don’t have to?