Your heart is racing and your mind is going in a million different directions. You find it difficult to focus on the task right in front of you. You've grown distant and might find that you're more "on edge" than usual.
No, you aren't going crazy. If you own rental property in Tracy, CA, then you might be suffering from another condition: landlord stress.
Landlords not only experience the joys of property management, but they can also fall into the snares of the same frustrations. If you're feeling stretched a little too thin, here are a few tips that can help.
1. Optimize Your Tenant Screening Process
Late rent, loud nights, and arguments can exacerbate any feelings of stress you might be experiencing. If this is the case, it's time to screen your tenants more closely.
When you have high-quality tenants in your Tracy rental property, you don't have to worry as much about issues like property damage or difficult rent collection. You can also minimize any daily disgruntlements.
If you need help optimizing this step, a property management company can take care of it for you!
2. Automate, Automate, Automate
From marketing to accounting, many of the administrative parts of property management are easier to handle when software is involved. Instead of trying to do everything by hand, take advantage of the tools at your fingertips!
Not only do automated solutions make the work quicker and easier to complete, but they also minimize the risk of human error!
3. Find Reputable Contractors
Even the handiest of handymen can't do every job by themselves. Even if you were adept at every skill you needed around your property, all of those chores would take up all of your time.
If you find that one job is taking longer than the others, look for a way to outsource it. For instance, if cleaning your units is becoming tedious and time-consuming, hire a professional cleaning service to get the job done. This frees you up to focus on more income-driving tasks, such as tenant screening.
4. Don't Delay on Repairs
You might think you're buying yourself a little time by leaving that leaky faucet or ignoring the loose roof shingles. However, delaying basic home maintenance can leave you with even more problems than before.
Left untreated, most of those small problems will snowball into bigger ones. Go ahead and address them as soon as you spot them to save yourself time, money, and a headache down the road.
The Key to Stress-Free Landlords: Property Management
Property management doesn't have to be stressful for landlords. If you find that you spend more time worrying about your locations than you do earning from them, it's time to make some changes!
While these tips are helpful, there's one step you can't afford to skip: hiring a property management team like ours. We're skilled in helping real estate investors like you and we have the tools, knowledge, and experience to help you take your business to the next level.
To learn more and get started, reach out to our team today!
