Have you started experiencing headaches, indigestion, sleep issues, or muscle tension? Excess stress can affect your productivity and ability to focus. Your risk of chronic diseases like heart disease, anxiety disorders, or gastrointestinal disorders could rise.
In fact, 80% of Americans say they experience stress on the job, with over three-quarters experiencing symptoms. Landlords often experience stress as they juggle their numerous responsibilities.
Want to reduce your landlord stress? Read on for the tips you need to find a balanced approach.
Prioritize Tenant Screening
Unreliable renters can become a source of excess stress. These renters may cause property damage, upset neighbors, or pay rent late.
You may feel rushed to choose renters if your vacancy rate is high. Sometimes, tenant background checks include inaccurate information. Before selecting tenants, outsource your tenant screening process.
A property management company will screen tenants on your behalf. They'll verify their employment, credit scores, and rental histories. Choosing reliable renters will give you peace of mind while helping you avoid stressful situations.
Delegate to a Property Manager
Save time and money by delegating repetitive or stressful tasks to a property manager. A full-service property management company can handle:
- Marketing
- Tenant screening
- Accounting
- Evictions
- Maintenance and inspections
- Rent collection
They can use automation tools to streamline processes. Automation will ensure accuracy by reducing human error. Choose a company that uses state-of-the-art technology to help you operate more efficiently.
Create an Emergency Fund
Get ahead of maintenance and repairs. Prepare an emergency fund before you need money to cover these expenses.
Otherwise, schedule routine inspections. Inspections will ensure you spot issues before they develop further. Maintain your beautiful investment property to keep attracting tenants.
Encourage Renewals
Start building strong landlord-tenant relationships. Happy tenants are more likely to renew their leases later. Increasing lease renewals will boost your occupancy rate.
Otherwise, long-term vacancies can cause you additional stress.
Give tenants a 90-day notice when their lease is about to lapse. If they decide not to renew, use this time to your advantage. Start marketing the property using digital marketing tactics to reach Puyallup renters.
Use Stress Relief Strategies
If you still feel stressed, start adding stress relief techniques to your routine. These can include:
- Exercising
- Journaling
- Yoga
- Meditation
If these techniques aren't working, consult your property manager. They can help you make informed improvements to how you operate.
Reducing inefficiencies will add more free time to your schedule. You can rely on hands-off property management services to spend more time on yourself.
Discover How Landlords Manage Stress
Use these stress-relief techniques for landlords in Puyallup, WA and see what works for you. Otherwise, hire a property management company. The best property manager can handle these tasks and more on your behalf.
Look no further for help than SJC Management Group! We have over 30 years of experience offering top-notch services to over 1,280 happy owners.
Say goodbye to the stress and anxiety of property management. Instead, leverage our experience and unwavering dedication to helping you succeed. Contact us today to start relieving your landlord stress.
