Is A Tenant A Friend?

Should you regard a tenant as a friend? You ought to consider this extremely carefully and specially if you are renting out your house privately without employing agents. When renting your house, you will need to ensure that you do not get too friendly or over associated with your tenant, however pleasant you imagine they may be and attractive the idea may appear. Becareful not to be misled by the idea that if you are friendly with your tenant that they will pay their rent promptly and look after your property better. But what happens if they get specially friendly? They possibly could begin asking you to come over and what if they have a party. Have you wondered about what happens forthwith? It is nice that they have thought about giving you an invitation, but do you say yes to it? Have you wondered about how you will feel being in a home you own at the same time as a celebration? It is always delightful to have a party invitation, especially for the female landlords, who enjoy geting dressed up in their special womens evening dresses. Everything is going right now but what might happen if it doesn’t stay this way? What happens if your hospitable tenant begins paying their money tardily? What if you wish to to sell the property or you decide you want the property back for yourself, how are you going to feel if you have to evict this friendly tenant? How are you going to feel and what is your conscience going to allow you to do as now these tenants are not just your tenants, but they have now become your friends. Are you going to be more understanding and forgiving if this new friendly tenant begins paying not on time and missing payments or are you going to deal with them in only the same way? Had you wondered about this earlier or were merely believing that everything will be ok? Did you imagine that being a friend might be more advantageous and that these wrongful situations would not happen? However, being a property investor, your houses are your business and you have to ensure that you control your business appropriately and beneficially. This means that you need to keep all your relationships with tenants on a purely business relationship foundation only. This doesn’t imply you cannot be sociable with your tenant, get on well with them and be friendly towards them. However at the same time you will have a go to keep your interests on a strictly professional basis carrying out your duties as a landlord at the same time. As we have said, by having too much connection with your tenants on a non professional basis can impact any situation that you experience and need to handle later on. If a troubled circumstance comes about later on, your tenants, who now believe they are your friends, may become tricky or upset and want to be looked after in a unique way, maybe more lenient and given additional time or understanding, but not taking into consideration that this is your job. Remember that if you do socialise at all with your tenants whether it is being polite n accepting a formal invitation or attending a specifc occasion, that your conduct is essential. How you dress (whether it be women’s cocktail dresses or suit), language and behaviour should represent your professional image even in these occurrences. The right way to control your rental business is ensuring that you have a good friendly but professional relationship with your tenant instead of becoming too friendly. This ought to ensure that you are not expected to treat your tenant in a special style.