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Top Sarasota Property Manager Asks, "Should You Be a Landlord?"
Top Sarasota Property Manager Asks, "Should You Be a Landlord?" Before you jump head-long into investment property ownership (being a landlord), carefully consider whether, or not your personality, strengths, and inclinations match the ongoing situations and challenges you'll be encountering along the way.
Landlords need to have strong skills-sets, a diverse knowledge-base, and refined communication abilities in order to be successful. Many newbie landlords are surprised to discover that property management is more about managing people than managing structures.
These are a few of the skills necessary for successful landlording:
People Smarts You now know that property management is more about managing people than properties. You must creatively combine compassion, intuition, and a sense of fairness, with diplomacy, steadfastness, and follow-through.
Property managers are continually solving problems, scheduling showings, and coordinating services. As a landlord, problem solving must be your passion. If you're not firm and skillful in managing people, they will manage you, and you're life as a property manager can become a miserable existence.
Organizational Abilities Multi-tasking is the order of the day as a property manager: phone calls, collecting rent, collecting/approving/rejecting applications, documenting work-orders . . . along with a myriad of other tasks.
You have to have ... more
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