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 Baton Rouge 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 selected a primary form of communication this gives you the confidence that you are well informed on your property and its success, and have the ability to 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 vital components 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 be prolonged due to ineffective organization.
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 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 sit back and relax.
We live in a time where we are inundated with technology, while sometimes it can feel overwhelming, it also has brought about some helpful software. A common saying is that “there is an app for that” and it really is true. There is 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 place.
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 include:
- Google Calendar
- Planner Pro
- And more!
You don’t need a software that tracks your every daily moment; however, it is helpful to utilize software that allows you to add meetings and reminders, make notes, and store important info. Don’t let management and daily tasks become overwhelming and work with Real Property Management Baton Rouge and start taking advantage of the free organizational tools at your fingertips and see the success that this brings.