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 employing the services of the Real Property Management MetroWest-Worcester team, we can handle the potentially messy parts of property management. This allows you to simply sit back, relax, and reap the benefits of investing in your rental property.
As a landlord, it can feel natural to begin forming friendships with your residents. You will visit the property often to maintain and repair appliances, tend to management tasks and generally be available to your residents. However, you may find yourself in a situation where your residents have your personal number and perhaps know where you live. This can cross a professional line and is not a smart idea if you wish to keep your personal life protected.
Having that kind of information can be harmless until a resident becomes bitter over an issue with the property. The risk in this is having too close of a relationship with your tenant and then, as a result, not wanting to be the “bad guy” if something goes wrong or when the resident is short on rent, etc. You end up in a situation you never wanted to be in just from being an attentive landlord.
How We Can Help
Your resident could also try and take advantage of you. By having a property manager, you can avoid these issues completely. We handle everything from background checks, to broken rules, to past-due rent.
We are up-to-date on the current local and federal laws, ensuring that all decisions we make are legal. This system eliminates any conflict between you and your residents and protects things that are not related to this part of your business.
Avoid Conflict of Interest
Owning a rental property and being a landlord may not be the only form of business you are engaging in. Whether you are a public figure, are engaged in politics, or own a small business there is a lot of value in keeping these aspects of your life separate from your rental property and its residents. Your residents may make preconceived notions about you and your property based on misguided information.
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?
You will have no regrets in keeping your business anonymous and secure. To learn more about the services Real Property Management Metro West-Worcester offers, contact us online or call us at 508-329-6000 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.