Do the mundane daily tasks of property management actually matter?
The grandiose of managing properties may include helping landlords with their property investment decision-making.
And as much as I would like to think sitting down with clients having coffee or going out to lunch as important as this is.
Its attention to detail and dedication to doing the little things to a high standard ultimately gets the best results for our landlord clients.
So back to the question of doing those mundane daily tasks in Property Management, who cares? Does it really matter?
Of course, it does; and in fact, these sometimes tedious, mundane tasks are the most crucial.
It would be fair to say that not doing these daily tasks to a high standard has let down many property managers and landlords over the years.
➡️ Checking incoming rents daily.
➡️ Keeping to a regular routine inspection pattern.
➡️Responding to tenants’ requests promptly.
➡️ Arranging repairs & maintenance efficiently.
➡️ Recording ingoing & outgoing inspections.
➡️ Arrange annual service checks, i.e. log fires, heat pumps & smoke alarms.
➡️ Doing daily reconciliation and keeping accurate bookwork and accounts up to date.
➡️ Advertising rentals arranging viewings, handling tenant applications, tenant screening, conducting background checks, and facilitating the move-in process.
➡️ Yearly rent reviews.
➡️ Ensuring landlords comply with healthy home standards and health and safety.
And the lists go on.
Yep, property management is a glamorous job, alright, or maybe not so much. But like any profession, to be good at it, you’ve got to love what you do.
While many of these tasks are mundane, they are vital to ensuring that the property is functioning well for the landlord, giving a good return while maintaining a positive, safe living space for tenants.
Making life easier for landlords is what we do.