Does Property Management Bring You Joy?

When chatting with a friend recently, she was cleaning out her home. Her criteria for deciding what would be kept versus what would "go" was "Does it bring me joy?". ...

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Does Property Management Bring You Joy?

Posted by Eric Blackwell on Thursday, August 15th, 2019 at 9:25am.

When chatting with a friend recently, she was cleaning out her home. Her criteria for deciding what would be kept versus what would "go" was "Does it bring me joy?". I was intrigued by this.

The whole premise was that you keep the things that bring you joy , and life is simply to short to live among the things that don't. My friend looked at a number of items in her home and said "This is ok, but out in the world there is someone way more passionate about this than I am? In their hands this item would flourish. In mine it will just be here. Can I find someone like that?" What if we took the same approach to managing a rental home or property?

Below is a list of most of the tasks that you have to accomplish as a landlord. Are you passionate about all (or any of them)? Which ones do you find joy in? Which ones actually reduce your joy? We have Property Management Professionals who are passionate about what they do. They take pride in their work and have the experience to accomplish any or all of these tasks as needed.

Marketing

  • Tenant Acquisition
  • Rental Property Marketing

Rent Collection/Legal Proceedings

  • Five Day Notices
  • Unlawful Detainers
  • Court Proceedings
  • Evictions

Accounting

  • Monthly Statements
  • Year End Statement
  • Owner's IRS 1099
  • Payments to Contractors
  • Bank Deposits

Applicant Screening

  • Credit Report
  • Employment Verification
  • Previous Landlord Reference
  • Income Qualification

Property Evaluations and Repairs

  • Written Move-In/Move-Out Inspections
  • Routine Property Evaluations
  • Repairs to Your Property
  • Annual Smoke Detector Certifications

Something to Consider

If doing all of this does not bring you joy, it might be time to look into using professional property management with The Real Estate Group. Do you have questions about your personal tenants or property? Wondering if you should have your property professionally managed? Would you like a second opinion on how you are managing your rental property? Call us today to see why so many landlords think TREG is the RIGHT CHOICE for property management.

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