Stress Relief: How to Eliminate the Stress of Being a Rental Property Owner
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www.RPM757.com www.RPM757.com Stress Relief: How to Eliminate the Stress of Being a Rental Property Owner
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Transcript of Stress Relief: How to Eliminate the Stress of Being a Rental Property Owner
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
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2 Options to Manage Your Stress
• Do It Your Self Strategy
• Property Management Company Strategy
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• This is a business!Treat it as such.
• Play the part of propertymanager, not the owner.
Do It Your Self Strategy
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• 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
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• 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
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• 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
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• 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
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• 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
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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
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Property Management Company Strategy
• Check-in and check-outwalk throughs.
• Eviction services if circumstances require this step to be taken.
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www.RPM757.com
Find out more: http://www.rpm757.com/property-management-services
