The relationship between landlord and resident has some fine lines you do not want to risk crossing. For your business’ security, and your sanity, keeping an anonymous, professional relationship with your residents is a helpful way to keep things running efficiently. By having the Real Property Management Optimum team on your side, we handle the messy and usually stressful problems, so you don’t have to.
Maintain Distance
As a landlord, forming relationships with your residents is easy. Appliances need fixing, and the property requires tending; you may be seeing a resident every month or so depending on the situation. When you regularly have to visit someone renting your property, a friendship could possibly form. Suddenly you realize your resident has your personal phone number and maybe even knows your home address. This can be harmless until a resident becomes bitter over an issue concerning 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, or 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 avoid these issues totally. We handle everything from background checks to broken rules and overdue rent. We study local and federal laws, so you don’t have to, and we enforce them with your residents to ensure a clear understanding of the relationship we have, which is strictly professional. This removes you from the conflict completely by being anonymous.
Avoid Conflict of Interest
Perhaps being a landlord is not the only type of business you deal with. Being in politics, owning a restaurant, or any kind of public career can lead to conflict with residents trying to rent from you. If they recognize your name from somewhere else, then they may already have a preconceived idea of who you are as a person. Whether it is good, or miscalculated, having a property management team behind you eliminates the risk completely and protects your identity. 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 have 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?
There are no regrets in keeping your business anonymous and safe. To learn more about the services Real Property Management Optimum offers, contact us online or call us at 612-730-8293 today.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
