While owning rental property can certainly be a great method of securing a regular passive income, being a landlord can require a great deal of time and effort, along with some frustration and headaches. It could also cause you to become distracted at any time of day or night – particularly when a tenant calls to say that the roof is leaking, or a toilet needs to be fixed.

3 Time-Saving (and Headache Relieving) Property Management Tips

In order to help you manage your time as a landlord, then, there are some strategies that you can use to ensure you’re making the most of every minute, such as:

  1. Scheduling – Having a written schedule can help you to remain focused on what needs to be completed each day. And, taking it one step further by focusing on just one item at a time (as versus multi-tasking), you’ll be better able to check items off your list and move on to the next one.
  2. Communicating – By communicating regularly with your tenants you can help to foster a smooth relationship and in turn, make things easier for everyone. It can also help to get “small” issues (like a leaky water heater) fixed before they turn into bigger, and more expensive, emergencies.
  3. Outsourcing – One of the best ways to better manage your time as a landlord is to outsource or delegate various items that do not have to be done by you. For real property owners, the best way to go here is to hire an experienced property manager. There is a long list of services offered by property managers that can free up your personal time, such as screening potential new tenants, collecting rent, responding to emergencies, and tending to regular property maintenance.

If you own rental property in Orlando and / or the surrounding Central Florida locale, and you’re considering handing over the day-to-day property maintenance and tenant management duties, give us a call today for more details on how we can make your life easier.