5 Things Every Property Manager Should Be Prepared For
Being a property manager is anything but easy. [caption id="" align="alignright" width="454"]
Image from Property Manager Directory[/caption]
While many might think it’s a cushy job—it actually requires a lot of patience, thought, and hard work.
Not every property-managing job is created equally either.
In fact, you’re unlikely to have any two property management experiences be the same.
Homes are different, people are different, and things go bump-in-the-night differently from home to home.
What does this mean for you—the property manager?
Simply put, you need to be sure that you’re prepared for the job at hand.
Things break, people get mad, and, as a property manager, you’re likely to hit bumpy roads along the way.
Take a look at these five things that every property manager should be prepared for.
Breaks and Leaks
As mentioned above, when you take the job of a property manager, you accept that there’s going to be damages that occur in the home. Many will be things that come with the property already, meaning you’re prepared for them, while others are unexpected and costly. When things go wrong, you’ll need to be sure that you’re ready to spend the time and money to get them fixed. How can you keep this from happening? Things can go wrong in even the best of homes. However, doing a thorough inspection [caption id="" align="alignright" width="317"]
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beforehand of the property can help ensure that you take care of any fixes before they break, giving you a reprieve of any added stress.
Time
If you think that all property managers sit back and just collect rent than you’re wrong. As a property manager you’ll need to be prepared to spend time—and a lot of it—on your tenants. You will be expected to help out your tenants whenever they need it. Whether it be for that leaky faucet, or because they locked themselves out of their house, you’ll need to be on call 24/7. Take care to let your family or roommates know that there is every chance that you’ll be in and out of your home at any given hour. This will help keep everyone from being on their toes, or being frustrated when you need to leave at a moment’s notice.Replacements
On the toes of repairs and then time spent on them, is the number of replacements that you can expect to make. Things like refrigerators, ovens, washers, and dryers don’t last forever and might need to be entirely replaced. Not only does this mean that you’ll be shelling out some money to make the replacements whenever needed, but it also means that you’ll need to spend time shopping for replacements. Be ready to do your research and find a new product that won’t just serve as a replacement for “the time being” but instead as one that will be around for tenants to come. [caption id="" align="alignright" width="401"]
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