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Personal Feelings Aside: Good Business or Good Samaritan? Guest Articles, Latest Articles, UK Property Forum for Buy to Let Landlords

When you have a business of putting people in homes, it may be quite easy to get wrapped up into doing what’s “right” as opposed to what’s “profitable.” Many of us want to help our fellow humankind keep off of the streets, but when does it become problematic to do so? We may feel like we are in a position that can help those in dire straits, but does the bank account agree with that assessment? Good Business or Good Samaritan

Keep Mindful of the Business

Many landlords can be seemingly heartless when it comes to the misfortunes of others. They seem to be comfortable with throwing families out on the street. However, is this a justifiable way to view someone who is simply looking out for their business? After all, doesn’t a landlord have the right to eat and sleep under his or her own roof? Being a good Samaritan can have a deeply negative impact on the lifestyle of the landlords themselves.

Provide Customer Service

Having good business sense doesn’t mean you should turn your back on humanity, however. Word of mouth and customer service play hand-in-hand for future success regardless of what your business pertains too. This doesn’t mean you should let every person who has a difficult time scraping together the rent take advantage of your hospitality. There has to be a middle area where business and being human coalesce.

Screen Every Candidate

Depending on the area your properties are in, you could hear sad stories from nearly every person walking into your doors about previous housing experiences. While many of them may be justified in having a harsh time, such as layoffs or debilitating injuries, many more still are looking for someone who isn’t going to give them a hard time once per month. Performing a background check on every potential candidate can help you see what kind of a past history the person has had in terms of paying rents on time. If he or she has had a long history of multiple housing due to a lack of payment, you can almost assure yourself that you may have the same experience with them.

Sustain Your Business

If you are able to sustain a loss from a potential candidate, then the risk may be worth your own peace of mind knowing you did what’s right by society. However, you need to make sure that your own needs are met as well. If you put yourself into bankruptcy in order to help others, then you will no longer be in a position to help additional people. In today’s world, being a goodSamaritan can only get you so far. Banks and debt collectors may not care that you are helping your fellow humankind keep off of the streets. These organizations are going to want the money without excuses. If you are affected by turning people away because they are unable to help you keep your business afloat and make sure you’re not in the same position they are, then you may want to look for a new profession.

You can be a good Samaritan and practice good business as long as you’re able to sustain yourself. It’s a fragile balance that could weigh heavily in one direction or another. There is nothing wrong with helping those in need, but it needs to be a method that the business can absorb. Your business is a separate entity that needs to survive in order to help you and your staff survive. Just because you turn someone away with a terrible decade long history of non-payment to a landlord, doesn’t mean you are any less of a person.

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