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Four Time Saving Tips for Landlords

Posted on Tuesday, 28 January 2014 11:04AM by Artful Lodger
If you manage a number of rental properties, you may find that often there simply aren’t enough hours in the day. With this in mind, here are four ways to use your time more effectively and boost productivity in the New Year.

Use a Tenant Screening Service
You may not have hours to spare in your busy schedule to screen every tenant that shows interest in your property. However, failing to do this can result in problems further down the line. Taking some time initially to fill a vacant property can prevent you from having to deal with high risk tenants and you can delegate this responsibility to a specialist company that can do all of the hard work for you.

Make your Property Damage Proof
As a landlord, you may feel like you are constantly being called out to deal with property repairs, especially if you own a large property portfolio. You can prevent a lot of these issues simply by ensuring your property is damage proof before your tenant moves in. Taking steps to adapt the property in question to meet the rental requirements of a tenant can save you a significant amount of time in the long run. For example, replacing carpets with hard flooring will make your home more durable and it won’t show the signs of daily wear and tear as easily.

Opt for Rental Furniture Packages
Buying in bulk can provide a landlord with a number of benefits and furniture is no exception. Not only will you save money by purchasing all of the furniture you require from one store but you can save time by having a complete furniture package delivered to your door. Buying a furniture package ensures that all of the pieces for your rental property will complement each other and prevents you from having to visit a number of shops to create an aesthetically pleasing home.

Schedule Regular Inspections
Many landlords conduct an inspection of a home when a new tenant moves in. This is wise as you can take a note of the condition of the property and therefore have something to compare it to when a tenant moves out. This can save you time should a tenant wish to dispute anything when the time comes to vacate the property. Regular inspections allow you to keep a watchful eye over your properties and this can help you to identify and tackle any problems before they escalate into costly repairs.

By doing these four simple things and utilising your time, you can operate your rental business efficiently and boost productivity and protect profits in the coming year.