Want to know how to become a landlord that doesn't waste time?
Becoming a landlord is busy work. Your life is generally dominated by decisions, and tasks that end up making you feel like you are constantly playing catch up.
However, if you are currently feeling like you are out of control, and overworked, this article has 6 efficient landlord tips to help you get more stuff done.
1. Clearly Define Your Top Priorities
As a successful landlord, you are always going to be busy, but you must always stay in control of your schedule. If your schedule starts controlling you, your results will suffer.
First, you need to understand what your top priorities are. You'll always have lots of decisions and tasks to complete every day, but being able to focus on the most pressing tasks first will help you become more successful.
2. Batch Your Work Into Time Blocks
One way you can instantly increase your productivity is by working in time blocks. Unfortunately, most landlords multitask, however, it's not the most efficient way to work.
Instead, you should try working in blocks of 50 minutes on the top priorities that you defined in the last step and then take a 10-minute break to refuel and reenergize.
3. Schedule Your Time
Not using a scheduling system or task management system is one of the worst ways landlords waste time. Keeping tasks and decisions solely in your head will only cause you more stress and overwhelm.
Placing things into a scheduling system can help you organize your daily tasks and prioritize what to do first.
4. Write Down Everything You Do
A good way to improve your productivity is to note down everything you do in a day. Doing this will showcase areas in which you are either procrastinating or failing to delegate efficiently.
Documenting this process will likely be an eye-opener for you and you'll quickly see how much of your time is being spent on low-level tasks that don't move the needle for you.
5. Eliminate and Delegate
Once you have highlighted areas that are using up your time and not moving the needle for you, it's time to begin eliminating or delegating those things.
As a landlord, your time is of the essence. This means that prioritizing and delegating low-level tasks is a must for your success.
You need to take a close look at your tasks and think, are they important? Are they getting me to where I want to go? Can someone else do this for me?
6. Create a Pre-Screening Survey
Most landlords agree that the most time-consuming part of their jobs is screening tenants. There are many to-do's involved, including taking phone called and emails from unqualified tenants.
The fastest way to eliminate this type of work is by creating a simple pre-screening survey with a Google Form that can be added to your property listing and request people to fill out the survey in order to be considered.
Get the Help You Need in Becoming a Landlord That’s Successful
Becoming a landlord often takes up more time and energy than you may have first expected.
That's why a successful landlord will always hire a property manager to help to care of all the heavy lifting of being a landlord.
If you are a landlord in Atlanta and you would like some help and are considering working with a property management company, contact us today, and let's discuss how we can help!