As a Bend landlord, you likely have a lot on your mind. Not only is there a lot to know as you’re getting started, even experienced property managers are learning new things all the time. After all, when you bought your first property, you probably didn’t realize just how much of your time you’ll spend on something like marketing!
It isn’t uncommon for landlords to feel overwhelmed, and many get so far in over their heads that they end up selling their property. It doesn’t have to be this way. There are quite a few things you can do to make your job as a Bend landlord easier.
Scrap the schedule and be flexible
We’ve mentioned it before, but there’s just no way you will be able to stick to a 9-5 schedule. If you try to keep to this kind of schedule, you’ll only find yourself frustrated when you have to put in extra hours in the evening or on the weekend.
Instead, create a flexible schedule, and don’t beat yourself up if you can’t stick to it. Life as a landlord is unpredictable, so try and enjoy it! Take a little extra time for coffee in the morning or go for a walk in the afternoon. Chances are, you’ll be working in the evening anyway, so allowing yourself a few minutes to do what you can when you can will make life as a Bend landlord more enjoyable.
Work from home, but set limits
With a flexible schedule, it’s a good idea not to be tied down to an office. If you’re just getting in the property management business, you may be working from your home office exclusively. You will likely find that you get more work done too when you’re allowed to work at home. A Sanford University study found that people working from home get an average of 11 to 15 percent more work done than their counterparts in the office.
Working from home is great, but without setting a few limits, you’ll just end up burning yourself out. Just because you work from home doesn’t mean you need to be tied to your computer 24/7. Set some limits so you don’t feel like you’re at work all the time. Choose a time each evening when you will stop actively working on your business. Just make sure you leave your phone on in case of an emergency maintenance call!
It’s obvious that you’ll have to call an HVAC technician every once in a while, but there are other people you can hire who will make your job easier.
Consider hiring an assistant. With sites like Upwork, you can even hire a virtual assistant, which is a good idea if you’re only looking for a little part-time help. An assistant can help you get your property ready to rent by scheduling inspections and acquiring a rental license. They can manage your records, tell you when leases are ending, and help you market your properties.
If you could use a little more help on the actual maintenance of your properties, consider hiring the crew at Mountain View Property Management. We can help you with rent collection, repairs, and more. Contact us today to learn how we can make your job as a Bend landlord easier!