If you manage rental property, you know how hard it can be. As a residential property manager, you have a lot on your daily to-do list–so much to do that tasks and duties and necessities can all get jumbled up, but this doesn’t mean you should let your quality as a property manager go down. You want to stay positive and maintain a good relationship with your tenants. Here are some tips for becoming better at residential property management–a hard task in and of itself.
1. Be Timely with Repairs–and Follow Up!
One of the number one complaints you can see floating around the internet about property managers and landlords is their lack of motivation to help with repairs. Oftentimes, we hear complaints about how landlords will leave their tenants high and dry when they need a repair, leaving them with a leaky sink or faulty air conditioner for months at a time. If you work in residential property management, this is the last thing you want to do. You want to be sure you’re timely with their repairs and that you follow up afterward to make sure everything is still working properly.
2. Write a Good Lease
The lease is the contract between you and your tenants, so they know what they can or can’t do with the property, how long they are slated to live there and when it can be renewed, and so on. You want to be sure you write a good, solid lease because if it’s not in writing, you can’t expect your tenants to comply. You also want to be sure you use the same lease for all of your tenants. It can be hard juggling multiple leases and remembering which statement applies to which tenants. A uniform, solid lease is your best bet.
3. Work with a Property Management Company
Sometimes residential property management can get the best of you, but this doesn’t mean you should quit managing property. Working with a property management company can help you juggle all of your responsibilities while also connecting you with a network of plumbers, HVAC technicians, and more to help with repairs and maintenance. A property management company can also help you screen tenants, finding the best ones for you and your rental property.
Vision Realty in El Paso
If you’re in the residential property management business and would like to expand your reach, handle your responsibilities more easily, and be connected with professionals all throughout the El Paso community, Vision Realty can help! We’re specialized in helping you all the way from the beginning of the process of marketing your property to keeping your tenants happy. Call us today for more information!