The relationship between landlord and resident has specific lines you do not want to risk crossing. For the security of your business, and your sanity, maintaining an anonymous, professional relationship with your residents is a handy way to keep things running smoothly. By having the Real Property Management Eclipse team on your side, we deal with the messy and usually stressful problems you don’t want to handle.
As a landlord, it’s easy to forge relationships with your residents. Appliances need fixing, and the property needs maintenance; you may be seeing a resident every month or so based on the situation. When you constantly have to visit somebody renting your property, a friendship might potentially 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 develops bitterness over an issue with the property. The risk in this is having too close of a relationship with your tenant and 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 avoid these issues entirely. We handle everything from background checks to broken rules and rent past due. We study local and federal laws, so you don’t have to, and we enforce them with your residents to make sure there is always a clear understanding that the relationship we have 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 kind of business you are in. Participating 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 elsewhere, then they might already have a preconceived idea of the type of person you are. Whether it is good, or misinterpreted, having a property management team backing you eliminates the risk entirely and guards your identity. Having that protection comes in handy when a resident must 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 an issue with a rental property. Why risk having your reputation tarnished if you don’t have to?