**This article was updated on April 27, 2021.
The relationship between a landlord and a resident draws out some fine lines you do not want to risk. For your business’s security and sanity, landlord anonymity allows you to maintain a professional relationship with your Marlborough residents and keep things running smoothly.
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. Instead, keeping professional boundaries with all of your tenants limits these risks.
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 or political figure 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?
How A Property Manager Helps
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, which keeps your landlord anonymity in place.
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 your personal life.
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 sit back, relax, and reap the benefits of investing in your Marlborough rental property. You will have no regrets about keeping your business anonymous and secure. To learn more about the services Real Property Management MetroWest/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.