5 Tips To Being a Successful Property Manager

If you enjoy working with people and are looking for a career in an up-and-coming field, consider becoming a property manager. Depending on the area in which you live, the real estate market can be prosperous, meaning more work for you. Do a great job, and you’ll get lots of positive feedback, referrals and more business than you can handle. Here are some tips on being a successful property manager.

Take Excellent, Good-Quality Photographs

You want as many applicants for your rental properties as possible. The more applicants you have, the better chance you have of finding an excellent tenant for your rental properties, someone with a good reputation for paying on time. To find those tenants, advertise your property using professional photographs.

Prospective tenants who see how great your rental is will call you quickly, and you’ll have that house or apartment rented in no time.

Be Diligent About Maintenance

Don’t just fix things when they break down. Be proactive about providing preventative maintenance. The longer you put things off, the worse they become and the costlier they are to repair.

Be diligent also about the exterior of your rental properties, making sure your buildings look just as attractive from the outside as they do on the inside.

Keep an Eye on Your Rentals

Stefan Soloviev suggests you let your tenants know that you’ll be making regular checks on the properties you manage and then check everything, including furnace filters, smoke detectors and all appliances to make sure everything works properly. Tenants will appreciate that you’re on the ball, and your owners will appreciate knowing that their properties are being well taken care of.

Treat Everyone With Respect

Be courteous and honest with both your tenants and the property owners. Good communication is crucial. When you take the time to talk with your tenants, they’ll be more willing to work with you and give you referrals for future business.

Vet Your Tenants

Be careful about who you accept as tenants for your properties. The last thing you want is someone breaking the stove or punching holes in the walls. If you’re not careful, they do more damage than the deposit covers, and you’ll have to sue them for damages. Make it easy on yourself by screening your tenants first.

By following these tips, you’ll ensure your owners and tenants are happy, and you’ll have a successful career as a property manager.