Every rookie landlord--myself included when I first started--makes the mistake of forgetting that they are in the business of managing an asset. This almost always leads to trouble and costs them a lot of money in the end.
It's hard to get over wanting to be nice and sympathetic, but that's not the business. I can personally feel as bad as I want to, but my obligation is to asset. This is property management, not tenant management.
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Location: Aylmer (Gatineau) across the river from Ottawa
Posts: 16,051
Quote:
Originally Posted by Sonal
Likewise.
Every rookie landlord--myself included when I first started--makes the mistake of forgetting that they are in the business of managing an asset. This almost always leads to trouble and costs them a lot of money in the end.
It's hard to get over wanting to be nice and sympathetic, but that's not the business. I can personally feel as bad as I want to, but my obligation is to asset. This is property management, not tenant management.
I read what she said, and I think if a property owner took very good care of the asset than, that is far from "slum lording"
My commercial building is very well taken care os, but, I don't think the owner, cares a great deal about each individual tenant, and may even dislike some of them. Though he's a good guy in general.
Same thing for my clients. I don't particularly like -all- of them, and have on occasion complained about a few. But, this is, business. I'm sure a few have had a few choice words for me as well!
But you probably should actually see my buildings before you accuse me of that. People pay a lot of money to rent from me. They get a heck of a nice place to live, because I spend a lot of money on keeping bring the buildings up to fantastic shape--because I actually do my job and maintain the asset.
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I answered that question well below. I am going to Barcelona soon.
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Oh come on screature, you're the one who started drilling her on "property management". Don't complain now that you don't like what you're reading when you're the one who derailed your own thread.
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We're actually tlaking about heading to Europe this spring, though we may need to put that off to fall. My hope is to hit Paris/Berlin/Rome, but I suspect we'll need at least 3 weeks for that.
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