If you’re a property manager, chances are you’re always looking for ways to save time and money. Not just because time is your most precious asset but in order to deliver top-notch service for your clients or tenants, you can easily level up your game by following these 4 simple tips:
1. Automate whenever possible
One of the best ways to save time and money as a property manager is to automate whenever possible. For example, you can use an online portal to collect rent payments from your tenants automatically. This way, you don’t have to waste time chasing down late payments. You can also set up automatic bill pay for your monthly expenses, such as utilities, insurance, and mortgage payments.
2. Hire a professional cleaning service
Another way to save time and money as a property manager is to hire a professional cleaning service. This will free up your time so that you can focus on more important tasks, such as finding new tenants or dealing with maintenance issues. A professional cleaning service can also do a better and more specific job than you could do by yourself, which will save you money in the long run.
3. Use energy-efficient appliances and light bulbs
Another great way to save money as a property manager is to use energy-efficient appliances and light bulbs throughout your rentals. Energy-efficient appliances and light bulbs cost more upfront, but they will save you money on your monthly bills. They will also make your tenants happy, which could lead to renewals and referrals.
4. Offer incentives for referrals
A final way to save time and money as a property manager is to offer incentives for referrals from your existing tenants. For example, you could offer a discount on the rent or a free month of rent for every referral that signs a lease with you. This is a great way to fill vacancies quickly and cheaply.
Let us know If you implement even just one or two of these tips, we’re confident that you’ll see a difference in both your bottom line and your stress levels. And if you ever need help from a professional contractor to assist you, don’t hesitate to call us.