5 Habits of Highly Successful Landlords and Property Managers

How do Landlords/Property Managers do it all? Multi-tasking seems to come easy to the best ones while remaining approachable. If you want to be the best Landlord/Property Manager you can be, here are the five habits you need to start adopting.

Wake up early

It’s easy to say that “the early bird catches the worm,” but it’s especially true if you’re in property management. You can anticipate and minimise problems and have higher energy levels for the day ahead. Instead of hitting the snooze button, you can spend your first few hours on exercising, meditating, reading or planning your day.

Streamline communications

You’ll be spending a lot of your time engaging with tenants, suppliers and other contacts. To stay consistent and efficient, you can use technology to streamline your emails and messages. Make use of e-mail templates and utilise property management software.

Always learn

Highly successful Landlords and Property Managers stay knowledgeable by staying on top of the news regarding the property market. You should be aware of changes to legislation in states and territories where you manage properties. Make use of reviews and surveys to understand the areas where you can improve.

Adapt to changes

The property management industry can be challenging, so don’t be resistant to change. You will need it to grow your business. Invest in upskilling, keep your software updated and research on trends in property investment and management.

Establish processes

When there’s an emergency or you’re overwhelmed by requests, you should have a step-by-step process in place. Prepare checklists, have contact information ready and store documentation in a secure and organised location.
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