Managing a property, regardless of size, can be a difficult task. This is particularly true if you are new to this side of the real estate industry. But remember, you have to start somewhere. Most property managers find that settling into a routine is a great way to get on pace, and to stay on the right path as the years go by.
What should your property management routine look like? This is when you need to take the initiative. Everybody has a different schedule and a unique way of doing things. No matter what, you need to make sure that your routine is thorough while also allowing you to make the best use of your time.
Your routine could include any of the following: weekly checkups, collecting the rent on a particular day, regular maintenance, etc. For instance, you may want to cut the grass at your property every Friday. Once you get on a schedule you will find it easier to complete all necessary tasks without wasting any time.
Finally, you can and should tweak your routine from time to time. If something isn?t working for you, you need to make a change. The same holds true if you need to add something to your regular routine. Remember, as you buy more and more properties you will need to tweak your routine to ensure that you are taking care of every detail.
As a property manager, it is important to settle into a routine that suits your properties and schedule.