The relationship between landlord and resident draws out some fine lines you don’t want to risk crossing. For your business’ security, and your sanity, keeping an anonymous, professional relationship with your residents is a practical way to keep things running smoothly. By having the Real Property Management Fairmate team on your side, we can handle the messy and usually stressful problems so that you don’t have to.
As a landlord, forming relationships with your residents is easy. Appliances need fixing, and the property needs tending; you may be visiting a resident every month or so depending on the situation. When you constantly have to visit someone renting your property, a friendship can potentially form. Suddenly your resident has your personal phone number and maybe even knows where you live. Having that kind of information 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 then not wanting to be the “bad guy” if something goes wrong, when the resident is short on 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 completely avoid these issues. 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 implement them with your residents to make sure there is always 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
Maybe being a landlord is not the only type of business you are in. Participating in politics, owning a restaurant, or any kind of public career can cause conflict with residents trying to rent from you. If they recognize your name from somewhere else, then they may already have a set notion of the type of person you are. Whether it is good, or misinterpreted, having a property management team behind you eliminates the risk completely and shields 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, particularly if you run another business. You don’t want a resident leaving a negative review online on your business because of an issue with a rental property. Why risk having your reputation undone if you don’t have to?
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.