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 Republic on your side, we can handle the messy and often stressful problems you don’t necessarily want to.
Maintain Distance
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 fairly frequently. This consistent interaction with your residents could lead to something like a friendship potentially forming. All of the sudden, 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
Your resident could also try and 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, so you don’t have to, and we enforce them with your residents to make sure there is always a clear understanding of the relationship we have, which is strictly professional. This eliminates you from the conflict completely by being anonymous.
Avoid Conflict of Interest
Another reason you may want to consider letting a property management team take care of your property is if you engage in multiple businesses. Whether you are a political figure, own a small business, or just have reason to want to remain anonymous. If a resident is a privy to this information, it could in some cases conflict with your goal to own a successful rental property. 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?
There are no regrets in keeping your business anonymous and secure. To learn more about the services Real Property Management Republic offers, contact us online or call us at 281-362-5001 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.