Maintaining a positive relationship with your tenant is really important when it comes to dealing with your rental property. You might be someone who is really social, and maybe you like to be friends with your tenants. Sometimes, that can work against you.
Landlord and Tenant Expectations
In a relationship like this, a tenant is paying a landlord rent in exchange for a habitable, safe place to live. They’re renting from you because they know the property will be taken care of and they won’t have to worry about it. Each party is responsible for keeping up their end of the bargain.
Landlord Tenant Conflicts
If a situation arises where someone isn’t doing what they’re supposed to do, there can be tension. It’s easier to deal with tense situations as a landlord rather than a friend. Friends will ask favors of you. Maybe they will expect that you’ll allow them to pay rent a couple of days late. If you set a standard and allow this to happen, you can run into problems down the road. It’s better to deal with tenants professionally and keep a little bit of distance.
Professional Reston Property Management
One way to keep that distance is to work with a professional property management company. A manager can act as a go-between and mediate any potential issues with you and your tenants. You’ll know that issues will always be dealt with in a timely manner. All of the rules and laws that govern rental property are paid attention to when you have a manager on your side.
Managing on your own is possible. Just make sure you are able to respond to your tenant’s needs in a timely manner. And, be sure you’re staying legally compliant in everything you do. Keep that relationship professional, and it will help you run a successful rental property.
Please don’t hesitate to contact us at Richey Property Management if you have any questions about managing a good landlord tenant relationship or Reston property management.
