Are you feeling a little stressed out? Are you worried that there are not enough hours in the day to accomplish everything you need to do, and you’re finding your work to be more of a hassle and less of a dream job? Today, we want to talk to you about how to get your mojo back and love what you are doing.

Property Management can be Difficult

Property management is a really demanding profession. As property managers, we are on call all the time, and that causes a lot of stress. It can result in a lot of other things getting pushed aside while we’re putting out the latest and hottest fire. It’s easy to get burnt out. It’s also easy to forget why you got into the property management business in the first place. You might have become a property manager because you have a passion for real estate and you love investing in properties yourself. Maybe you started your own company because you wanted the flexibility and the freedom of being a business owner. If you’re feeling overwhelmed, however, you’re not very free.

Put Support Systems in Place

You need to have systems in place to help support you, and you need to train your employees as well. You cannot be responsible for everything that happens on a day to day basis at your company. So, make sure you are systemizing everything that you possibly can so you aren’t wasting a lot of your own time taking care of things that other people can take care of. Be sure that all of your procedures are saving you time instead of creating extra work for you. With all of the technology we now have available, you can be more efficient and run a leaner operation if you have the right tools and resources. Find those things and get them working for you right away.

Focus on Work/Life Balance

Time management also requires you to focus on your work/life balance. That’s difficult, especially now when the same technology that can help us also keeps us constantly accessible. It’s difficult to find and maintain that work/life balance. But, there are some things you can put into place to protect the balance.

For example, learn to say no to things. This may take practice, but once you learn to say no it gives you the freedom to say yes to what is important to you. Set boundaries for yourself. For example, when you’re at home, don’t answer the phone after 6:00 p.m. Instead, let that call go to voicemail. You can listen to it and decide if it needs an immediate response, but it can probably wait until the morning.  

Put yourself on your calendar so you remember to manage yourself. You’re not just managing employees; you need to leave room for your own needs. You might also have an owner walk in without an appointment, so you want enough flexibility to deal with situations like that. I used to schedule time for myself in the mornings and then make all of my appointments in the afternoons. Give yourself some permission to take time off.

If you have any questions about time management and reducing some of that stress so you can love your job again, please contact us at Landlord Source.

Kathleen Richards, is the owner of LandlordSource and The Property Management Coach.  With her 12 years as a broker/owner of a property management company she speaks from experience. Kathleen authored, Property Management A-Z and teaches regularly at community colleges and conferences on property management topics. She is active in her field and holds professional designations as Master Property Manager (MPM®) and Residential Management Professional (RMP®) and her company held the coveted, Certified Residential Management  Company (CRMC®) designation from NARPM®. She is currently a National Instructor for NARPM® and is honored to be sharing best practices with other NARPM®  professionals.  Kathleen has served at the local and state level on the boards for NARPM® (National Association of Residential Property Managers).
Disclaimer: LandlordSource does not represent the article content in this newsletter as legal advice. It is shared information only and up to the reader to use this information responsibly, seeking legal advice as necessary to their business.
LandlordSource provides products and systems to simplify your life and The Property Management Coach (aka: me) provides the support to help you achieve your goals.