The relationship between a landlord and a resident has very specific lines you do not 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. In having the Real Property Management DC Metro team on your side, we handle the messy and often stressful problems, so you don’t have to.
As a landlord, it’s easy to forge relationships with your residents. Appliances need fixing, and the property requires tending; you could be seeing a resident every month or so based on the situation. When you constantly must visit someone renting your property, a friendship can potentially form. Suddenly you realize your resident has your personal phone number and maybe even knows your home address. That kind of information can be harmless until a resident develops bitterness over an issue with the property. The risk in this is having too close of a relationship with your tenant and in result not wanting to be the “bad guy” if something goes wrong, or when the resident can’t pay 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 might also try and take advantage of you. By having a property manager, you prevent these issues completely. 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 enforce them with your residents to ensure there is a clear understanding that the relationship we have is strictly professional. This eliminates you from the conflict entirely by being anonymous.
Avoid Conflict of Interest
Perhaps 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 lead to conflict with residents trying to rent from you. If they recognize your name from somewhere, they may already have a preconceived notion of the kind of person you are. Whether it is good, or misinterpreted, having a property management team behind you eliminates the risk entirely while also protecting your identity. That protection comes in handy when a resident must 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 of your business online because of an issue with a rental property. Why risk having your reputation tarnished 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.