Managing rental properties can be time-consuming, but with the right strategies, I’ve managed to reduce the stress and save hours each month. Here are my top property management hacks:
- Automated Rent Collection: Using a platform like Cozy, I set up automatic rent payments, so tenants pay on time without me chasing them down.
- Maintenance Requests App: Tenants can submit repair requests through an app, which I then route to a trusted handyman or service. This keeps everything organized and ensures quick responses.
- Pre-screening Tenants: I use tools like Tenant Screening Reports to pre-screen tenants before even showing the property. This saves me time on showings and prevents renting to problematic tenants.
- Scheduled Inspections: Instead of inspecting properties randomly, I set a schedule for annual inspections. This keeps things on track and avoids emergency repairs.
- Outsourcing: When things get too busy, I hire property management companies for day-to-day tasks, allowing me to focus on scaling my portfolio.
By staying organized and automating processes, I’ve streamlined my property management, saving myself countless hours each month.
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