Learning Center
How to Be a Stress-Free Property Manager
Monday, July 23, 2018
A property manager is responsible for putting up with a lot of demanding responsibilities. That's why the terms "stress-free" and "property manager" rarely appear in the same sentence. However, it doesn't have to be that way.
As a savvy property manager, you can finally get rid of all that work-related stress by following a few simple tips.
Keep Your Tenants Happy
When your tenants are happy, they’re going to end up sticking around for a long time. That means that both you and the landlord (if you aren't the landlord yourself) won’t have to deal with low occupancy rates time and time again. Listen to your tenants' concerns and figure out a way to make them feel like their feelings matter. Respond to their requests in a timely manner and handle maintenance as quickly as possible.
For instance, if your tenant is struggling to pay rent one month but has been excellent about keeping up with it in the past, be willing to make adjustments and exceptions. Likewise, try to cater to your tenants' needs. Approximately 44% of all families in the United States have a dog and 35% have a cat. If they have a pet, let them keep the pet in their rental property with a modest pet deposit. Anything you can do as a property management team to keep your tenants happy will help you with rental management in the long run.
Know Your Property
A good property management team knows their property both inside and out. Understanding the property as a whole can make it easier to respond to renters’ questions and potential tenants' inquiries. When you’re able to show that you’re knowledgeable about your property, your tenants will have more confidence in you.
Eliminate Errors that Could Be Prevented
If your tenant comes to you with concerns or complaints, address them quickly. Always be sure to make note of any problems, whether you noticed them in person or if they were discussed over the phone. Paying attention to these details and responding to maintenance requests in a timely manner can help to eliminate a number of careless errors. Unfortunately, far too many property managers lose sleep due to poor organization.
Work with Professional Property Management Services
If you are a landlord acting as his or her own property manager, then it's no wonder you're stressed -- you're doing the job of two people. If you manage multiple properties, then you can save yourself from unnecessary stress by working with a reliable residential property management company. While you focus on screening tenants and investing in new properties, a property management company can handle day-to-day operations for you.
While residential property management services can be stressful, there are ways to make your career a lot easier. Alleviating your stress head-on will make you an extremely successful manager.
If you have any questions about property management services, please give us a call at 407-261-5610
