We went to the property and met with each tenant, introduced
ourselves and made sure we had the proper signed leases in
place. After that, we both figured Julie would only have to
deal with minor issues as long as the property was
occupied.
We were wrong! The tenant on the main floor proved to be high
maintenance and called weekly about different things she wanted
fixed. And then, two months into owning the property, the
frequency of calls from the tenant on the main floor began to
increase dramatically. She was upset because as the weather got
colder, the tenant beneath her was smoking in the unit and she
could smell it. Her son had asthma and this was impacting
him.
Julie contacted the tenants in the basement and explained
that their lease stated that there was to be no smoking in the
unit and that we'd received complaints. They were polite to
Julie. However, they didn't like getting scolded and -
according to the main floor tenant - started taunting her
teenage son when he would come home from school. They called
him a tattle tale and made him feel threatened.
It's a long story. It dragged out for weeks, but the
issues escalated. Soon the two tenants were at war and Julie
was receiving 20--25 calls a day. The police were called to the
scene twice by the tenants on the main floor. It was a
disaster.
And as luck would have it, this was happening during Julie's
final exams! Julie was pretty close to breaking down and
couldn't just tell the tenants to wait a week until her tests
were done--she had to deal with it!
Julie pretty much lost it. She's really a no nonsense kind of
person and she hated dealing with other people's problems.
Failing an exam would mean she'd have to repeat a course and
that could mean an extension of her degree--which would be time
consuming and expensive.
She was fit to be fried. And looking back, it should have
been obvious to both of us that Julie was not well suited for
the job. She is organized, efficient and focused. Sounds
perfect for property management doesn't it? Well, not exactly.
Anything that throws her off what she is working on at the
present moment is an annoyance for her. She also doesn't like
talking on the phone. She'd prefer never to pick up the phone
at all if she could avoid it. She likes people and she likes
problem solving, but she doesn't really tolerate people who are
lazy or rude. Really, she has a lot of traits that make her
well suited to HIRE a property manager!
To tell if you could handle the pressures and challenges of
property management you'll want to do a little bit of a self
assessment. We've created 8 simple questions to ask yourself to
see if you think you could handle property management.
|