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 Metro Detroit 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.
Communication
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. Consider using the following communication methods:
- Text messaging
- Phone Calls
- Messaging Apps
Once you’ve chosen a primary form of communication that gives you confidence that you’re staying well informed on your property and its success, be flexible in what works best for your tenants and other service providers. Establishing this at the beginning of your investment property journey helps form good organization habits 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.
Time Management
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 tenants happy and not let issues fall through the cracks.
While you may not be physically fixing the leaky sink or handling tenant screenings, it is up to you to make sure all systems are in place to do so and follow up with your tenants to ensure they were satisfied with the service. Start each morning with customer service on your mind, consider what is a priority for your tenants, 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 sit back and relax.
Utilize Technology
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 organization apps and software include:
- DayforceHCM
- Google Calendar
- Wunderlist
- Harvest
- PocketLifeCalendar
- Planner Pro
While you may not need a software that tracks your every moment, it is helpful to utilize software that let 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 Metro Detroit and start taking advantage of the free organizational tools at your fingertips and see the success that this brings.
If you are interested in having your property managed by Real Property Management Metro Detroit, have more questions, or just want to speak to one of our team members, then contact us online or call us directly at 248-808-6550 today!
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