Wasting Precious Time Managing Your Property? There is a Solution

Managing a property is already a time-consuming and difficult task and landlords tend to go through a bit of trial and error until they find an effective solution. Luckily, there are some simple tips to make the job easier that any property owner can implement, whether you’re renting out your home or managing several properties. Read on to learn how you can stop wasting precious time when managing your property.

It may seem that real estate has no working hours, but owning a rental property can be extremely stressful and disruptive if you don’t set clear working hours. Start by having a morning routine. It should come as no surprise that a morning routine is recommended by life coaches since getting yourself physically and mentally prepared for the day is crucial. You need to create a schedule containing the times and days you will take on tasks – this should include a lunch break as with any other job.

Furthermore, keep a list to prioritize critical tasks that need your attention first – research shows that getting the stressful and difficult tasks out of the way first thing in the morning can provide a sense of relief from then on, preventing you from wasting time dreading the day ahead. That way, you can plan your day accordingly. Start by addressing any repair and maintenance issues, and then handle renters and vacancies. Note that you should set a working time for your phone line so that it’s not ringing all day long when you’re trying to get things done.

Utilize Resources

They say there’s no such thing as a self-made man. Therefore, it’s important to take help where you can get it. Tools like technology can help you remain organized, manage appointments, set reminders, and manage finances. This will save you plenty of time and ensure less of a headache at work. Moreover, leveraging social media can help you market your property better and gain insight into efficiently running things. Just remember to not solely rely on technology for everything.

People who are renting out their home and aren’t in the property management business are going to struggle to manage their rental along with their occupation and other obligations, even with the tools provided above. That’s why the Vegas-based professionals at Faranesh recommend relying on trustworthy and affordable property management services to make things stress-free. There is a lot of responsibility that comes with owning a rental property, which is why you’ll want to hire experienced professionals to handle everything from finances to maintenance. This way, you won’t spend much of your own money, waste time running the rental property, or attract the wrong tenants. Keep in mind that local property managing professionals understand the laws and regulations, meaning they know how much or how little to spend on repairs and how to pick suitable tenants.


Landlords will, understandably, want to ensure everything is perfect but in doing so, they end up overexerting and overwhelming themselves. That’s why it’s important to hire a trustworthy team to rely on. Delegate work in sections that suit each of your staff members. Have personable employees handle the phones and tenants, the most reliable and straightforward employees to handle repairs and maintenance, the tech-savvy folks deal with technology, and leave the finances to you or someone else you trust. Delegating tasks will allow you to focus on supervising, which will help you have more awareness of how the property is run.

Improve Tenant Screening

One of the most common ways property managers waste time is chasing down rent. Having to deal with late payments is what also increases the stress of the job, and these situations set every other task back, especially when it comes to evicting tenants and cleaning up the rental for potential tenants. Therefore, one of the most important tips to follow is screening your tenants. Create a tenant screening process that all your staff have to adhere to. This process will entail everything from determining the criteria, requesting background checks or credit reports, and help your business remain consistent and attract good tenants. Ultimately, this will also help you avoid litigation.

Owning rental properties is not easy by any means, which is why you should always pay attention to the best ways you can efficiently run this type of business without wearing yourself thin. Refer to this guide to help you set a productive schedule that will ultimately make your job easier. If you are simply renting out your own property for the first time, you may want to look into a property management service until you gain more experience in the field of real estate.