Being a landlord is not an easy job. You will find most landlords either visiting their properties or thinking about ways to buy another property. They never sit on their laurels. Of course, these are good signs for a businessman but not so for a landlord in the rental income business. This is because this business requires certain level of organization from the owner.
If a landlord knows how to remain organized, he can save a lot of his money and time. He can also avoid situations where he is paying visits to attorneys and law courts because of suits filed by his tenants. Imagine the kind of peace of mind you can have by simply staying organized. Don’t let your disorganization cost you dearly. Here are some useful tips that can help you in becoming and staying organized as a landlord.
Become paperless
Do you feel annoyed at times, searching for all important documents and not finding them? It is time to go paperless and store all your documents into your computers electronically. Scan and save all papers to never look for an important document in your cabinet or drawers. You will find that you are always organized as you know where all the documents are. You cannot lose or misplace your documents as you have no paper trail. However, make sure that you back up your records to feel safe in the case of your system becoming corrupt or infected with virus.
Have a proper place for everything
If you have this habit of keeping your keys anywhere you want and then spend tons of time searching for them, you need to find a place for everything in your office. You will find that you not only save your time and energy but also remain calm and relaxed. You know where a particular thing is and this increases your efficiency and productivity. Here is how you can make your space organized.
- Keep only what you need while discarding everything else form your office
- Stick labels on every file and folder so that you can identify them from a distance
- Give yourself 5 minutes in the morning to reorganize your desk
Cloud Storage
If you really want to free yourself from all worries, choose an online platform to store all your stuff. This will enable you to have access to your files and documents even when you are on the move. Even the notes and comments made on properties will remain safely stored on this platform that you can retrieve anytime you so desire. You can check records and prove that you are right in front of a tenant or a vendor. You can also pull out the lease agreement to shut up a quarreling tenant as you have everything on your fingertips literally.
Organization is a must for you if you are a landlord. You will not find yourself fumbling for papers or shouting at your assistant for having forgotten something important. You also get rid of all the clutter to have total peace of mind.
If you’d like to talk more about the value of inspections, or you need help with Everest Property Management, please contact us at Everest Realty.
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As a top producing Realtor and Property Manager; Terry specializes in sales, extensive construction homes, rentals, REO’s, short sales, and all aspects of Real Estate. After graduating the University of Michigan with a master in MBA, Terry continued his endeavor and now has over 15+ years of experience in the Real Estate world. If there is anything that has to do with Real Estate and sales, you can always be sure of Terry to provide important, specialized knowledge.
