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 Raleigh team on your side, we ensure that all potentially messy situations are taken care of and you are left to sit back and relax.
As a landlord, it’s easy to form personal relationships with your residents, even when you don’t intend to. There are appliances needed to be fixed, your property needs tending to, so you could be seeing a resident every month or so depending on your situation. When you are constantly having to visit someone renting your property, a friendship could potentially develop. Suddenly you realize your resident has your personal phone number and maybe even knows where you live if you live far away from your property.
Having that kind of personal information can be harmless until a resident becomes resentful 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, you do not want to be the “buzz kill” 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. Or because you have a friendship, your residents could also try and take advantage of you.
How We Can Help
Your resident may also try and take advantage of you. In having a property manager, you avoid these issues entirely. 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 ensure 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
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 residents 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 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?
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.