Owning a rental property can be a very rewarding investment; however, without utilizing organizational tools to help with communication and time management it can be a stressful situation for an owner. Working with a credible property management team like Real Property Management Executives Greater Atlanta is a great first step to staying organized, but there are additional steps that can be taken to help you sit back and relax as you reap the benefits of investing in rental property.
Owners can often feel out of the loop if they do not have an established mode of communication with their property management team or tenants. This can leave you wondering what you could do differently to help make your property a success, or wondering what your tenants may be wanting more/ less of. This issue is easily resolved when you choose a primary mode of communication and let your property management team and tenants know. You may consider using:
- Text messaging
- Phone Calls
- Messaging Apps
Once you select a primary form of communication you will be confident that you are well informed on your property and its success and can reach out to make changes if you desire. Establishing this at the beginning of your investment property journey helps form good habits, and stay organized over the course of your journey. Establishing a primary communication method also helps you avoid missing important phone calls, or emails, only to have this lead to a frustrating situation for you or your tenants. Avoid the mess that bad communication brings and stay ahead of the game with these tips.
One of the most important aspects of staying organized is time management. Management tasks and repair needs can quickly pile up, so utilizing your property management team to stay on top of these is the number one way to keep your residents happy and not let issues fall through the cracks.
Even though you are not physically fixing the leaky sink, or handling tenant screenings, it is up to you to make sure all systems are set-up to do so, and check-in with your tenants to make sure they were satisfied with the service. Begin the work day with customer service on your mind, consider what is a priority for your residents, or what your property management team needs from you to serve your tenants and arrange your schedule as such. You can still accomplish all your daily goals by utilizing proper time management strategies, making tenants happy and letting you take a step away to reap the benefits of investing in real estate.
We live in the age of technology, and with that, there is an app, or organizational software, for everything. One of the best ways to stay organized is having all of your notes, dates, passwords and reminders in the same area.
This could be your Gmail or Outlook calendar, or even a separate scheduling app for smartphones and tablets. Take the time to find a software you like so that you can start centralizing your to-do lists. Some of the top free apps and software for organization includes:
- Google Calendar
- Planner Pro
- And more!
While you may not need a software that tracks your every moment, it is helpful to utilize software that lets you add meetings and reminders, make notes, and store important info. Don’t let management and daily tasks overwhelm you, work with Real Property Management Executives Greater Atlanta and start taking advantage of the free organizational tools at your fingertips to see the success that this brings.
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