www.RPM757.com www.RPM757.com Stress Relief: How to Eliminate the Stress of Being a Rental Property Owner
Stress Relief: How to Eliminate the Stress of Being a Rental Property Owner
Jan 23, 2017
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
www.RPM757.comwww.RPM757.com
Stress Relief:
How to Eliminate the Stress of Being a Rental Property Owner
www.RPM757.com
Top Five Landlord Stresses
#5 Dealing with Evictions #4 Deposit Disputes #3 Property Damage #2 “Tenants from Hell”#1 Late Rent Payment
www.RPM757.com
2 Options to Manage Your Stress
• Do It Your Self Strategy
• Property Management Company Strategy
www.RPM757.com
• This is a business!Treat it as such.
• Play the part of propertymanager, not the owner.
Do It Your Self Strategy
www.RPM757.com
• Be informed. Educate yourself on problems you may face and how to avoid them.
• Create a consistent, written policy and stick with it.
Do It Your Self Strategy
www.RPM757.com
• Provide a quality rental and you’ll likely get quality tenants.
• Set up business hours and contact times. Have an Emergency line for true emergencies.
Do It Your Self Strategy
www.RPM757.com
• Know when to hire out.Not all repairs are DIY.
• Don’t rent to family and friends. Nothing good will come of this.
Do It Your Self Strategy
www.RPM757.com
• The cost of a reputable management company is often offset by the reduction in whole sale services, time, and stress related to managing a property.
• What should you expect from a property management company?
Property Management Company Strategy
www.RPM757.com
• Marketing and Advertising to keep your property rented and monthly checks coming in.
• Credit, Income and Criminal background checks to find tenants who pay on time.
Property Management Company Strategy
www.RPM757.com
www.RPM757.com
• Rent collection through a systematic and timely process.
• Routine inspections inside and out to keep property damage in check.
Property Management Company Strategy
www.RPM757.com
Property Management Company Strategy
• Check-in and check-outwalk throughs.
• Eviction services if circumstances require this step to be taken.
www.RPM757.com
www.RPM757.com
Find out more: http://www.rpm757.com/property-management-services
Related Documents
