Managing rental properties is a business, and landlords need to be as productive as possible in order to do their job correctly and efficiently. If you feel like you’re working more and getting less done, it might be time to evaluate the areas where you can cut out wasted time and boost productivity.
Here are 9 ways to be a more productive landlord:
Rise and Shine: Much has been written about successful people getting up before 5:00 a.m. You don’t need to be quite so extreme to reap some benefits of getting out of bed a little earlier every morning. You’ll have a jump on the day and be more refreshed earlier completing more tasks before noon.
Clear the Clutter: Clutter isn’t a sign of a busy mind. It’s just a mess. Clutter can also create anxiety and stress in your body and mind. No matter where your work space is, a desk in designated office, the dining room table, or a corner of the living room, take time to clear away clutter and keep your work space organized. Not only will you be more efficient because everything will be in its right place, you’ll feel less stressed.
Lighten Up: Make sure your work area has enough light. Make sure you can see your computer keyboard, papers and all areas of your work space clearly. Straining your eyes and neck are not only uncomfortable, working in an improperly lit space can really slow you down
Set a Schedule: Create a typical routine so you can be sure to divide your time evenly. For example, you might decide to always process maintenance requests first thing in the morning, and answer emails in the afternoon. With a fairly structured schedule, you won’t get distracted from the task at hand.
Avoid Multitasking: While it’s impossible to get away from multitasking completely, it’s a good idea to try to check items off of your to-do list in a more linear fashion. Completing one task at a time may seem counter-intuitive and will feel like you’re not getting anything done at first, but soon, you’ll notice that you’re actually completing a lot more work.
Eliminate Distractions: Email and social media are a big part of our marketing lives, but they can also be a huge distraction. When completing tasks, make sure to turn off notifications on all devices. Limit your email checks to three times a day, rather than checking it often throughout the day.
Drive Wisely: Whether you are driving to your property or commuting to work, you have valuable time when you are stuck in your car. Take advantage of this completely uninterrupted time to make phone calls (hands-free, of course), listen to business or real estate books on tape, or listen to podcasts to make even more progress on understanding and conducting your real estate investment business.
Recharge: Take the time to unplug, mentally and physically from work. Disengage and step away to recharge your brain and your body. If you work too hard for too long, you’ll burn out and become even less productive. Be kind to yourself and work hard when you work and play hard when you aren’t.
Automate: Setting tasks on auto using ProHomes software is another great way to be more productive. Among other things, our system gives you the option to create an ad once and have it post to over twenty rental site, forward calls to maintenance workers while you're away, or remind your tenants about the rent via text. Sign up for your FREE ProHomes account today!
Just like any other business, real estate investing and property management will really benefit from increased productivity on your part. There are many other ways to boost productivity and work smarter, so spend some time incorporating these tips and see how they translate into better business practices for you.