Los Angeles Property Management companies know that there are plenty of blog post out in the world wide web about becoming a Property Manager and how important it is to have an expert come in and regularly perform the scheduled maintenance on a property. Here, it’s no different but maybe these tips will better your business.
Los Angeles Property Management companies understand that some tenants may need in home health care, while some have physical issues, some have mental problems and some are just old (no offense). Los Angeles Property Managers will chat with the caretakers, some have learned something interesting, apparently, in being a caretaker it can actually take a toll on your health than being care taken. So much so that there’s endless amounts of information online about how a caretaker should take care of themselves.
Compare And Contrast
Los Angeles Property Management companies can compare the duties of a caretaker to a Los Angeles Property Manager. Now this is only an analogy to be made here, reason being is because if you’re a landlord for over 4 or 5 properties all by yourself, you can stretch yourself too thin. One property can sometimes be a pain in the you know what, imagine three or more properties you have to take on. It can be a bit overwhelming.
Los Angeles Property Management companies know this might not happen right away, but surely a month will come where two people or more are late on rent, another has a broken furnace, one has been arrested, and one just let you know that they’re breaking their lease early due an emergency. When this happens, you’ll find that it might take a few months to recover. Los Angeles Property Managers want you to know it’s not because the tenants’ situations don’t improve, but because when you’re a solo landlord, to play catch up seems near impossible.
How On Earth Do Caretakers Do It?
Los Angeles Property Management companies compare Caretaker Duties:
- Reduce stress in other areas of your life.
- Set aside goals that are not work related for yourself and work toward them on a regular basis.
- Be extremely clear when you communicate with your tenants, and make sure to document everything.
- Taking a legitimate break when it’s needed.
Los Angeles Property Management companies understand most of those are straightforward and applies to most if not all professions but how does that last one work for a landlord? How to ‘take a break’ when you need to be present for rent collection, repairs, family emergencies, natural disasters and any of the other dozen circumstances that come up as part of everyday tenant life?
Taking A Break
It’s a question that there’s no good answer to. Los Angeles Property Management companies say that sometimes landlords just leave and take a break and hope that nothing goes wrong, but that’s risky. Some have friends that are fellow landlords and work out agreements to cover each other’s properties. Others bite the bullet and hire a property manager, and accept the reduced revenue knowing that someone else is taking on that stress.
Los Angeles Property Management companies want to share that the worst decision would be to stick around and keep dealing with the stress, tear a page from the caretakers book, no amount of stress and profit is worth your health.
For the latest in Los Angeles real estate and Los Angeles property management news, trends and tools, make sure to stay connected with our blog at: http://tgnpropertymanagement.com/blog/