Ready or not, the holidays have arrived bringing cold nights and needy tenants. As a landlord, creating an effective plan for the holidays will save the headaches of late night calls, interrupted family time and potentially ruined vacations.
The following tips will help you manage your rentals effectively not only during the holidays, all year long!
If you plan to travel during the holidays, make sure you have a list of contacts for your tenants to call. It’s always a good idea to have a handyman, HVAC contractor and plumber on call in case of emergencies.
#protip- schedule a walkthrough with or without your tenants, give 24hrs. and call it “preventative maintenance”, you can even create a handy checklist to follow…. If it’s been a few years think safety first, have gas lines, smoke detectors and fire extinguishers inspected. This is also the perfect opportunity to change filters and check all common area lights are working.
As a landlord, one of the best things you can do is retain happy tenants. Happy tenants move less frequently. This results in consistent rent payments and lower turnover expenses. Like your mom always says, less turnover, the better! By preparing ahead for a busy holiday season, you’ll be able to relax and enjoy the festivities. You may be inclined to hire Real Property Management, giving you years+ to relax and do what YOU want to do.
Real Property Management is the nation’s leading property manager. For over 30 years, Real Property Management has developed intelligent solutions for thousands of individual property owners, investors, tenants and Realtors.