Most landlords who opt to manage their properties privately have horror stories about nightmare tenants that they gleefully share with others. After learning their lesson, often the hard way, many decide to hire a property management company to act as a buffer between them and their tenants. While a property manager charges a fee that cuts into their rental profit, most rental property owners agree that it is worth the expense, given how much easier it makes being a landlord.
With an intermediary in the equation, rental homeowners find they have an easier time being landlords and earning a decent income from their rental business. Here are some reasons why having a buffer between yourself and your renters will make the landlord-tenant relationship easier:
Trusted property managers in Chattanooga, including Evernest, Lansford Realty and Property Management, and Rock Point Real Estate, understand how vital it is to maintain cordial relations with tenants without letting personal feelings get in the way. Hiring local property managers or American companies that operate nationwide like BH Cos. and Pinnacle Property Management Services provides an essential buffer between property owners and their tenants. Evernest has a reputation among Chattanooga rental homeowners for delivering professional services while minimizing costs to the landlord. Its qualified professionals ensure sound relations between landlords and tenants without compromising the terms of a rental agreement. Evernest also operates in other Tennessee cities like Memphis, Murfreesboro, and Nashville.
Once a landlord develops a personal relationship with their tenants, emotions can get in the way of professional judgment. The result could be tenants who do not pay their rent, playing on their landlord’s heartstrings with sob stories about their financial difficulties. Landlords fall for this and soon have sitting tenants who do not pay their rent and refuse to leave, using emotional blackmail to persuade the owner to let them remain in the house.
Payment of rent
For the reasons regarding non-payment of rent mentioned before, many landlords prefer to maintain an indirect relationship with their tenants. It prevents them from feeling bad about charging rent, especially when the tenant plays on their emotions. A rental agreement is a professional one, and a landlord is entitled to enforce its conditions, including the payment of rent.
Non-payment of rent is a breach of that agreement, and landlords should act immediately to correct it. Their legal recourse should come from the terms of their rental agreement, including charging late fees and opting for eviction as a last resort. Property management agents are trained to maintain professional relationships without letting their feelings become an obstacle.
Dealing with tenants is a time-consuming matter, something that few landlords have an appetite to manage. Many tenants become demanding when dealing directly with a property owner, making unreasonable requests that keep landlords away from their other commitments. These renters take advantage of bending the landlord’s ear about the most negligible of issues, a source of great annoyance for many. When a property owner tries to set boundaries, their renter might threaten to leave or cause trouble, and the landlord caves to their demands.
Property agents do not entertain such frivolity, setting clear boundaries for their relationships with landlords and tenants. They are trained to ensure that these boundaries are respected and never breached. Property managers do not entertain unnecessary complaints and correspondence, which bog them down and prevent them from fulfilling their obligations regarding the rental contract.
A relationship breakdown
When the landlord-tenant relationship reaches an irrevocable breakdown, things can get nasty. Tenants might deliberately vandalize the home, leaving the owner with a substantial bill to pay for repairs. Landlords might start interfering to a point where tenants could accuse them of harassment. Any acrimony between the parties could prolong eviction processes.
Property managers do not allow either landlord or tenant to breach the rental agreement’s terms and conditions, dealing with inappropriate behavior or actions immediately to prevent them from continuing. Landlords and tenants do not always get along, but that does not mean they should not continue a professional relationship with a middleman acting as a buffer.
Reduced stress on all parties
A strained rental relationship makes things stressful for landlords and tenants alike. The situation’s volatility could lead to either party behaving out of character due to tension. Tenants might live each day fearing that they will be asked to leave and find alternative accommodation. Landlords experience great trepidation, worrying about what damage the tenant might do to their property.
This stress is harmful to all parties’ physical and mental well-being and should not form part of a rental relationship. It can lead to long-term health problems, avoidable when using a third party as a buffer in the relationship. Therefore, a property management company agent could ensure that all parties to a rental agreement do not suffer any undue stress.