Owning a rental property can be one of your worst nightmares. Horror stories have been told by landlords who have dealt with all sorts of tenants from hell. And sometimes it's the lack of tenants that will give a landlord sleepless nights.
If you're going through your fair share of landlord troubles, you may have noticed that it's affecting your mental health. It's not uncommon for landlords to become stressed when things are not going well in their rental properties.
This is why it's important to learn how to get landlord stress relief. This article describes some of the most effective stress management techniques you should know.
1. Organize and Plan Accordingly
You might be surprised to learn that some causes of stress among landlords are self-inflicted. Like any job, being a landlord has duties and responsibilities that should be done within certain timeframes.
However, some landlords don't take their jobs seriously, owing to the fact that they're their own bosses. Things that should be done today can easily be pushed over to the next day or week. Before you know it, you have a pile of tasks you need to complete, and that's how you will start feeling overwhelmed and stressed thereafter.
Organizing and planning your schedule effectively is an under-rated stress management strategy. Treat your landlord job like a full-time job. Make a to-do list for your property management tasks and ensure you're ticking them off accordingly.
When you stay on top of what you need to do as a landlord, you'll have done what's within your control to keep stress at bay. It's also scientifically supported that staying organized helps reduce stress.
2. Tenant Management
Tenants can either make your life easier or harder. There's no in-between.
All landlords want good tenants, but getting them isn't guaranteed - unless you invest in comprehensive renter screening. Before accepting a rental application, be sure to check the applicant's financial and criminal background and renter history, and verify their income.
Having the best tenants means you won't need to deal with stress-inducing issues such as:
- Non-payment of rent
- Intentional property damage
- Louse noises
- Complaints from other tenants/neighbors.
- Property being used for illegal activities
- Evictions
That being said, getting the best tenants alone isn't enough. Their behavior after moving in will also depend on your performance. If you ignore their issues or neglect the property, they'll move out even before the lease is over, leaving you with the stress of finding new tenants.
3. Delegate Responsibilities
There's nothing wrong with wanting to be a DIY landlord, especially if you've got the time and expertise. However, if you're struggling to stay on top of things and starting to get stressed, it's time to delegate some, or all, of your responsibilities.
A full-service property management company in Suwanee can take full control of your property, giving you the best opportunity to take a back seat and focus on your mental wellness.
Suwanee Landlords Can Beat Property Management Stress
Some may argue that stress is part of being a landlord, but here at PMI Atlanta City, we believe landlords shouldn't be stressed -- at least not about their properties. While these techniques will certainly help you manage your stress, your best strategy is to leave the work to us.
Our unwavering commitment to providing the highest quality property management services sets us apart, and the support we receive from the larger PMI franchise is unparalleled.
Call us today to learn more about our services.
