My Blog

We recently have taken on a client whom purchased a property through us and then turned around and wanted our property management to handle it as a rental. The issue was is they already knew to whom they wanted to lease it out to which was a family member! Now mind you this is not at all uncommon and having dealt with this before it can be a bit like walking on eggshells you have to really be careful as to how you lay down the law so to speak.  In fact we try to discourage this practice even going as far as giving the “Going in to business with family” speech but to no avail. We had to really look at both parties involved and speak with them on a one on one basis and found that they both felt the same way where this was concerned that by having a third party involved they felt this was beneficial to all. They looked at a couple of important aspects of aspects of this venture and one being that if something broke down at an odd hour that we had vendors already in line to fix anytime of the day or night.  As long as both mature parties are aware of every vital aspect of the transaction and are in favor the outcome for a successful deal is possible and which in turn makes this the right decision for you.