The relationship between a landlord and a resident has some fine lines you don’t want to risk crossing. For your business’ security, and your sanity, keeping an anonymous, professional relationship with your residents is a handy way to keep things running efficiently. By having the Real Property Management Greater Milwaukee team on your side, we deal with the messy and usually stressful problems you don’t want to handle.
Maintain Distance
As a landlord, it’s easy to forge relationships with your residents. Appliances require fixing, and the property needs tending; you could be seeing a resident every month or so based on the situation. When you constantly have to visit someone renting your property, a friendship could possibly form. Suddenly you realize your resident has your private phone number and maybe even knows where you live. Having that kind of information is 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, when the resident can’t pay 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 can also try and take advantage of you. By having a property manager, you totally avoid these issues. 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 always a clear understanding of the relationship we have, which is strictly professional. This eliminates you from the conflict by being anonymous.
Avoid Conflict of Interest
Maybe 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 attempting to rent from you. If they recognize your name from elsewhere, then they might already have a predetermined notion of the kind of person you are. Whether it is good, or misinterpreted, having a property management team behind you removes the risk entirely and protects your identity. This protection comes in handy when a resident needs to be evicted from a property and wants to take it out of 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 getting your reputation dismantled if you don’t have to?
There are no regrets in keeping your business anonymous and secure. To learn more about the services that Real Property Management Greater Milwaukee offers, contact us online or call us at 262-309-6961 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.
