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TENANTS are NOT Second Class Citizens!! They may save your financial derriere!!

By
Property Manager with Gibson Management Group, Ltd.

I've had occasion twice in the last two weeks to turn away property owners/property accounts because the property owners wanted me to treat tenants as SECOND CLASS CITIZENS.

The first property owner, after being rude and having discussions with her husband on her cel phone rather than having a 3-way discussion so we ALL could be on the same page, left me a voicemail that after packing her furniture she could not remove the sofa and if the new tenants did not want it, they could hack it up and remove it.  They had built a master suite in the above-level basement and made a doorway too small to remove the sofa existing in the family room.  I e-mailed the property owner that I did not think that was appropriate and returned her $500 owner contribution check.

The second property owner, while in discussions about management for her deceased father's house, kept bringing up the "worst case scenarios" of tenant situations * no rent, destroyed property, over-occupancy.  The house she and I will be renting is beautiful and will rent to a family moving into the area who probably own a home elsewhere that they will be renting out themselves...these are not your typical "tenants" and often present different challenges for a property manager; however, just because they put RENT on the memo line of their check each month, does not mean they are stupid or that they do not deserve respect or courteous treatment.  Providing a home that is not clean, that has dirty or soiled furniture in it, or that is not "move-in" ready will end up costing money as it will delay the renting of the property.

Owners who have not sold their home and are leaving the area SHOULD be looking at their new TENANTS as the "Saviors of their Financial Derriere"!  The rent they pay will be assisting them in making their mortgage payment, keeping their homeowners insurance in effect, AND allow them to weather the current real estate downturn and save their home's equity.

Posted by

Wallace S. Gibson is a Certified Property Manager with over 50 years of property management experience and expertise.  She maintains a specialized property management business in Central Virginia serving Albemarle, Greene, Fluvanna and Louisa counties  

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Comments(5)

Diane Rice
Rice Prprty Mgmnt & Rlty, LLC, South Holland, IL - Lansing, IL
SFR, SRES, CNC

"Owners who have not sold their home and are leaving the area SHOULD be looking at their new TENANTS as the "Saviors of their Financial Derriere"!

I LIKE this Wallace!  For sure it's true!

Aug 19, 2009 03:54 AM
M. Suzi Woods (Gravenstuk)
NOW Sharing the life and spice of the GC one day at a time - Grand Canyon, AZ
Suzi Woods, Prior Independent REBroker in MS

Good point, Wallace. So, how were these issues solved?

Aug 24, 2009 12:55 AM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Suzi * resigned the 2 accounts and provided the names of 2 additional property managers for them to contact.  Second time will be a charm and the property owners will have more respect for the process.....Wallace

Aug 24, 2009 05:02 AM
Tracy Lee Parker
RE/MAX DFW Associates - Royse City, TX
Buy*Sell*Rent

I like it that you were willing to "let them go" and gave them a referral , very professional of you.

Oct 03, 2009 04:32 AM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Both did not go with the referrals I suggested.  1 has not rented at all and the 2nd went to a local agent who rented for $100 less that market...owner is STILL in control.

Oct 03, 2009 04:45 AM