There is a delicate balance with property management. The number of tenants, issues and properties can become quickly difficult to handle, particularly for those who are new at the job. It does not take much for someone to become unhappy, and then you are in the office dealing with the problem. So, what can be done? Here are a few tips for things that you may be able avoid.
Before you are ready to add additional properties, be sure to check it out and check it out well. Take pictures, video and notes to document any particular issues and/or problems. If you have any reservations on the property, take a pass. Also consider location; how long tenants stay in the area; is there an investment need or is it ready to rent? These questions will narrow down your choices before a full decision can be made.
It is summer, and summer means grass mowing, edging and weeding. These are all intensive manual labor activities and keeping on top of it is a full time job. This is in addition to the other routine maintenance issues that arise on occasion. Schedules and routines are your friend for most of the regular maintenance, and the rest has to be done on an as needed basis.
Previously we have discussed finding good tenants, and good tenants are the backbone of your properties. A good tenant has no problems with the multiple checks necessary – background, credit and the like.
Good tenants also stay on top of many different necessities, pay rent on time and keep you informed of issues that can become big problems in short order.
All property owners want the absolute best, but many run into issues they cannot handle or are new to them. This is where Real Property Management Wake County comes in. We run the daily aspects and elements of your rental properties, and you collect the rents and profits. This gives you time to find new properties and continue growing your business. Contact us; let us show you how we can help make your business run more smoothly.