The relationship between you, as a landlord, and your Troy tenants draws out some fine lines you might not like to risk crossing. Believe it or not, keeping an anonymous professional relationship with your tenants is often the best way to keep things running smoothly with your rental property business, if you want to keep it secure and your sanity intact.
With the Real Property Management Metro Detroit team working with you, we can deal with the oftentimes messy and stressful problems that might arise and you don’t want to deal alone.
As a landlord, it’s easy to form relationships with your tenants. Appliances need fixing, the property needs tending, you could be seeing a tenant every month or so depending on the situation. When you are constantly having to visit someone renting your property, a friendship could potentially form. Suddenly you realize your tenant has your personal phone number and maybe even knows where you live. Having that kind of information can be harmless until a tenant becomes bitter over an issue with the property. The risk in this is having too close of a relationship with your tenant and then, in the result, not wanting to be the “bad guy” if something goes wrong., or when the tenant is short on rent, etc. You end up in a situation you never wanted to be in just from being an attentive landlord.
Being a landlord, you could easily develop a personal relationship with your tenants. You need to fix appliances, tend to the property and so depending on the situation, you could be seeing a tenant every month or so. When you are always having to see someone who is renting your property, a personal relationship, even a friendship could potentially form. Soon, you realize, your tenant has your personal phone number and knows your home address. Nothing wrong with that until your tenant becomes bitter over a property management issue.
How We Can Help
Your tenant 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 is past due. We know the local and federal laws so you don’t have to, and we enforce them with your tenants 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
Perhaps being a landlord is not the only type of business you are in. Being in politics, owning a restaurant, or any kind of public career can cause conflict with tenants trying to rent from you. 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 tenant 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 tenant leaving a negative review of your business online because of an issue with a rental property. Why risk having your reputation damaged if you don’t have to?