Have you started experiencing headaches, fatigue, or trouble sleeping? Over three-quarters of adults report the same problems due to excess stress. About 80% say they experience stress on the job, with 49% saying it affects their behavior.
As a landlord, the tasks you juggle each day can be overbearing fast. Developing a plan can help ease your landlord stress while allowing you to boost your ROI. Read on for the tips you need to ensure your success as a stress-free landlord!
Before choosing renters, develop a tenant screening process. Review background checks, criminal histories, credit scores, and job verification reports. Otherwise, you may select renters who:
- Annoy neighbors
- Pay late
- Cause legal trouble
- Damage the property
If your tenants pay late, it will disrupt your cash flow, making it more difficult for you to prepare for emergencies. About six million American households are already behind on rent.
If you don't have a tenant screening process in place, outsource. Some online reports hold false or outdated information. A property management company can handle this process on your behalf.
Establish digital marketing campaigns to reach renters who are looking for available properties in Punta Gorda, FL. The sooner you start marketing, the sooner your occupancy rate will improve. Otherwise, long-term vacancies will cause you additional stress.
Use content marketing, social media marketing, and paid advertising to reach renters. Engage with your audience online and encourage them to schedule a tour.
Automate Landlord Tasks
Start automating landlord tasks to save time and money. The best property management software can handle:
- Lease management
- Document management
- Rent collection
- Maintenance requests
Your property management company can help you set up an online tenant portal. Tenants can send maintenance requests or automate rent payments. Offering them ease and convenience can save you from headaches later.
Schedule Rental Property Inspections
Schedule regular rental property inspections to ensure your investments are in the best possible shape. Inspections will allow you to spot problems before they develop further. Otherwise, you may need to pay for more expensive repairs.
Keeping your properties in good shape will help you attract new renters. If tenants complain of maintenance delays, they may move out or take legal action.
Create a landlord emergency fund to prepare for legal issues or maintenance projects. Having this fund ready will give you peace of mind.
Hire a Property Management Company
A property management company can handle these tasks and more on your behalf. Outsourcing will free up time in your already busy schedule. Your Punta Gorda landlords can operate more efficiently, saving you money as well.
Ease Your Landlord Stress
Don't let excessive landlord stress affect your health. Instead, use these tips to simplify the landlord tasks on your plate. Otherwise, outsource and work with experienced property managers who know how to work efficiently.
Look no further for property management services than PMI Stingray Homes. We have 20 years of experience maximizing our clients' owner profitability. We'll use state-of-the-art technology and award-winning strategies to ensure your success.
We can make property management manageable! Contact us today for landlord stress relief!