Two-year-olds and Tenants: Avoiding Tantrums in Your Investment Properties
Let’s be honest: some people are about as easy to deal with as a two-year-old in the tantrum phase; no matter how hard you try, there is no reasoning with the tantrum! As the leading Chicago property management company, we are well aware of the hardship that dealing with difficult tenants can place on property owners. But, are the tenants the only ones being unreasonable?
According to the Illinois Real Estate Commission, when your home is placed as a rental unit, it becomes a business investment. Oftentimes this is a hard pill to swallow for homeowners who have lived in their home for a long period of time. They have an emotional connection to the home, but business and emotions are difficult to separate. When a tenant does not care for the home as lovingly as you would, you can feel resentment and anger. These feelings can impact what is supposed to be a business deal.
Remember the line from the movie The Godfather, “It’s not personal, it’s strictly business”? You must be able to detach your emotional ties to the property and run it as a business. This detachment helps prevent you from being the two-year-old-tantrum-thrower whenever something goes wrong at the property. As a leader in the Chicago property management industry, we can help you in this process and serve as the unemotional contact for both parties. Having us on your side ensures that neither the tenant nor you act as a terrible two-year-old.
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.