- Posted by Member Services
- On August 8, 2021
- 0 Comments
Being a property manager is challenging, here are nine tips to be a better property manager.
- Stay organized
Knowing where you are, what needs to happen to your property, what your tenants need and staying on top of everything is the pinnacle. Start with a plan, jot down what needs to get done; at first, it may seem like a tedious and long list, but try sectioning each of the projects group Similar Tasks Together & Stick To One At A Time attacking them that way will likely seem less tiresome.
- Do not procrastinate
Successful property managers get things done when they need to be done. Prioritize after categorizing; make sure to do the big stuff first, for example, fixing a broken heater before changing out a dead lightbulb.
- Everything does not need the same type of energy. Do not spend your time doing minuscule tasks such as answering emails. It is essential to get to these; if not urgent, these can take valuable time better spent doing more important things.
Whether managing a building or a single property, communication is crucial and forging genuine connections with their clients is vital.
Having a physical space to live provides a summon of calmness; knowing that one is taken care of a hearing by a landlord also encourages this sense of homeliness and creates long-lasting bonds with trustworthy, respectful tenants.
- Take the time to engage the people living in the properties you manage
- Take time to return phone calls
- Being available when clients need you is vital. Expect what you give: if you would like your tenant to pick up after two calls or one email make sure you do that too!
- Trust works both ways. Great relationships are built on trust; no matter if you’re a tenant, landlords find and keep trustworthy, reliable tenants, give them a reason to stay loyal.
- If you have staff
- Train your staff to provide consistent, high-quality service.
- These habits will improve both your professional and personal life.
- Technology can be a good assistant.
Keep your workspace clean because, as the saying goes, a tidy house is a tidy mind.
- When dealing with properties, it’s easy to get bogged down with paperwork.
- In cases like this, technology can be your friend and tool. Ditch the paperwork and go digital. Not only will it help you save time, but it’s also much easier to track down what you need when you need it.
It’s always good to be in the know!
- Understanding and keeping up with new laws and regulations will give you a leg up as a landlord or a property management service.
- Take the time to catch up on news that may affect you. Stay updated on changes in rules and regulations, local rental rates and other emerging trends in your provinces by keeping up to date with SKLA.
- Take time to Laugh.
- Days in property management and rental housing can be challenging, Don’t let the minutiae tasks get you down or those big tasks consume you.
- Attempt to maintain a positive, can-do attitude at all times. During times of strife, such as disputes.
- Take a step back, reset and laugh at the unexpected things this job can throw at you.
- Remember that there’s always tomorrow and that you’ll do better tomorrow.
- Whether you use one or all of these tips moving forward, we know you’ll be a happier, better landlord.
- Develop systems.
- Whether it to assist you in finding the right tenant for your property or rules and regulations for how you and your renter are set to communicate about issues on the property having a good base from the get-go makes life so much easier.
- To avoid any landlord-tenant issues, you need to have a system for screening and finding quality tenants.
- The systems should help you automate processes like background checks, security deposits and related paperwork.
- Complete quarterly inspections
- This may seem tedious, but all property managers should conduct thorough and regular inspections of the properties they handle. Ideally, reviews should be logged and completed every three months. Hiring a professional inspector is also an option.
- Learn from mistakes, colleagues and your network
Like learning how to ride a bike, being a successful property manager is a learning curve. It requires you to be knowledgeable about a lot of things.
- You don’t have to be an expert in every field, but you should have a basic understanding of the essentials.
- You should know about online marketing, accounting and other fields related to real estate.
- The more well-rounded you are, the more marketable you can be, and the better you’ll be at what you do.