It's hard to believe that around 55% of Atlanta residents are renters.
Being a landlord in Atlanta can be tricky when you're working with such a big tenant pool. As a result, lots of landlords feel overwhelmed with stress.
What can landlords do to make their job easier? Read on for the ultimate landlord stress guide.
One of the most critical aspects of being a landlord is finding reliable and responsible tenants. Tenant screening is a vital step to ensure your property is in good hands and avoid potential issues down the line. There are several landlord tools that can simplify this process, making it less stressful for you.
Use a reliable tenant screening service to conduct thorough background checks on potential tenants. Look for criminal history, credit reports, and eviction records to ensure you're renting to trustworthy individuals.
Create a full rental application form that includes essential information like employment history, references, and previous rental history. Review these applications with care to select the most suitable tenants for your property.
Property Management Company
If managing your rental property becomes overwhelming, you may want a property management team. This can help reduce your stress by outsourcing many of the everyday tasks and responsibilities.
Your team will handle tenant communication. They address concerns, maintenance requests, and rent collection. This leaves you with more free time and fewer worries.
Repairs and Maintenance
Your team can arrange for repairs and maintenance. They'll ensure your property remains in awesome condition. This takes the burden of dealing with unexpected issues off your shoulders.
Rental Property Inspections
Regular rental property inspections are crucial to maintaining the value and condition of your investment. Plan and schedule regular property inspections to check for any damage or needed repairs. Make a checklist to make sure you cover all these areas:
- Electrical systems
- Structural elements
Let your tenants know about upcoming inspections in advance and try to accommodate their schedules. This can foster a positive relationship and reduce potential conflicts.
Effective record-keeping is a valuable tool for managing your landlord's responsibilities and reducing stress. Keeping organized records can help you track the following:
- Financial transactions
- Maintenance history
- Tenant interactions
Use digital landlord tools to keep digital records. Digital files are easier to manage and access than paper records. This could include the following:
- Lease agreements
- Rental payments
- Maintenance requests
- Communication with tenants
Self-care is important for your health. It means taking time to relax, eat well, and do things you enjoy.
This can work wonders for melting your stress so you feel better. Make self-care a daily habit.
Landlords Need These Tips to De-Stress
Landlords in Atlanta have so much to juggle. With the right tools and strategies, you can manage these responsibilities while minimizing stress. With these landlord tricks, you can enjoy the benefits of property ownership in Atlanta with greater peace of mind.
The greatest way to reduce landlord stress is to get a property management team. Contact PMI Atlanta West to discuss our incredible solutions. We've been helping clients like you for over 20 years.