The relationship between you as a landlord and your residents draws out a fine line you may not want to take the risk to cross, for the security of your business and to keep your sanity intact. By having the Real Property Management Prestige team working with you, we can manage all the sticky situations so that you don’t have to.
Maintain Distance
When you’re a landlord managing your property by yourself, it is easy for a more personal relationship between you and your tenants could easily unfold. This happens easily as you are constantly visiting your property, repairing things and doing the general upkeep so you almost always get to see your residents. Next thing you know, you’re exchanging personal information like phone numbers and your home address, if you’re not living nearby. Now that’s not necessarily a problem until a resident becomes disgruntled over an issue with the property. That resident with your personal information can make your life miserable too.
The risk with having too close a relationship with your tenants is that when something goes wrong, like when your tenant is short on rent, you cannot act as you would want because you do not want to appear the villain and your tenants could take advantage and manipulate you.
How We Can Help
By incorporating some landlord anonymity into your practice and working alongside a property management service like Real Property Management Prestige you can avoid these issues completely and eliminate potential problems like these. We will take care of everything from background checks, to broken rules, to rent being past due. We know the local and federal laws, so you don’t have to, and we enforce them with your residents to make sure there will be no misunderstanding the kind of relationship we have, which is strictly professional.
Avoid Conflict of Interest
Also, perhaps being a landlord is not the only type of business you are in or it’s not the only interest you have. Having any kind of public career can potentially cause conflict with residents trying to rent from you. They may recognize your name from wherever and may form a preconceived notion of the type of person you are, whether it is good, or misinterpreted.
Having a property management team in charge, instead of you, eliminates the risk entirely, and protects your identity. This will also be very beneficial to you when a resident needs to be evicted from a property and wants to get to you as the owner, especially if you run another business, by leaving a negative review on your business online. Why risk having your reputation tarnished if you don’t have to?
Having said all these, you really won’t regret keeping your business anonymous and secure and hire a property management service. To learn more about the services that Real Property Management Prestige offers, contact us online or call us at 281-532-5455 today.