Being a landlord can be a rewarding venture, but it’s not without its challenges. From finding the right tenants to handling maintenance requests, the responsibilities can quickly add up. To make landlording easier, consider these tips:
Automation to Make Landlording Easier
The more tasks landlords can automate, the easier life is. Starting with leases, landlords should spend the money and use an electronic signature service. Even with a cheap and easy service like eSignToday, landlords can save a lot of time by having tenants esign leases. You eliminate meetings and paper. Everyone who needs to sign can sign at their convenience. And at $0.50 a signature, the time saved is a no brainer.
Online rent payment is another automated task that saves landlords time. Rent is directly deposited thus eliminating trips to the bank.
Outsource
Landlords should spend money on services that will save them time such as tenant screening and property management. One of the most critical aspects of landlording is selecting reliable tenants. Proper screening can help you avoid future issues. Using a great tenant screening service saves time in the short run with filling a vacancy and in the long run with having a long standing tenant. This diligence in the screening process can save you from headaches down the road.
If you’re tight on time (everyone is), consider hiring a property manager. You can decide if you want a property manager to do all landlording chores or just a select number to save on money and interest. Even for just a few items, a property manager can relieve some stress and save you time by reducing some administrative burdens.
Remember that landlording doesn’t have to be a daunting task. By implementing these tips, you can make landlording easier and more manageable. From automation to outsourcing, these tips will help you navigate the world of landlording with confidence and success.