Owning rental property comes with a lot of responsibilities and challenges. When you have large property such as several rental units or plots of land to manage, you may consider hiring a property management agent to make your work easier. Besides getting the house ready for the tenants, you also need to take care of proper landscaping, developing the piece of land and keeping the property in decent shape for a long time.
While managing huge property may seem overwhelming, you can make it easier if you are aware of what to plan for, and calling for help when you need it. Here are five simple tips to help you make your property management work easy.
Plan for your landscape
First impressions matter. It is critical for a property owner to realize that there can never be a second chance of making the first impression. Therefore, the way your property appears will determine whether you will attract tenants or you will chase them away. When planning for your landscape, your goal should be to create an aesthetically-pleasing environment that attracts potential tenants.
Plan your landscape by creating a blue print that highlights all the key areas within your property. Create separate segments for flowers, trees, and even shrubs. You can also manage your landscape by setting out a shed area, play set, a garden and much more. You can also add trendy décor elements such as patio sections such that the tenants can cook and eat outside. Other fun items such as fire pit of fountain work well especially for tenants who have kids.
Acquire the right equipment
For you to manage your property efficiently, you require the right tools. You can decide to invest in landscaping tools such as lawnmowers, horse pipes and other equipment that will make your landscaping work easy.
Hire a property management agent
One of the best practices of property management is delegation. It is overwhelming for a property owner to effectively manage more than one property. That is why it is necessary to hire experts who will assist you to manage your property. A good property management agent will help you manage your property at a fee and in turn, they will save you a lot of headaches.
Installing a home security system
Besides having an agent to manage your property, you also need to keep an eye on your investment. You can install an inexpensive wireless home security system to secure your large property. You also need to install fire alarms and other emergency devices to keep your tenants safe.
Plan for a regular maintenance schedule
With a lot of property to manage, you can make your work easier by creating and sticking to maintenance schedule for your property. You need to schedule for regular checkups on plumbing, landscape, electricity, AC systems, and lawncare. Click for more maintenance tips.
Being proactive with your property maintenance will not only help you to save money, but it will also reduce stress as most of the things are already taken care of. In the end, you will attract more tenants and reap better from your investment.