If you’re like a lot of landlords, you have a full-time job and run your properties on the side. Even if you’re able to devote all of your time to your landlord business, it’s a lot of work, and it should not be done alone. Successful landlords who thrive in the business over time are supported by specialists they can depend on.
At Real Property Management, we hustle hard every day to make life easier for landlords by screening applicants, marketing houses for rent, connecting with contractors, and so much more. We have a pretty good idea for what it takes to make landlord life sustainable, and we want to share the essential members of your A-Team in today’s blog.
The A-Team Every Landlord Needs
When you have the right support team, it’s possible to excel as a landlord and provide world-class homes for the people in your community. Here are the experts you need to collect:
A Real Estate Lender/Agent
Unless you hold your own license and you have the financial depth to handle this job yourself, you will definitely need an agent to help you find a good property and a lender to settle the financing. If you can, work with an agent and a lender who know each other. They will need to pass a lot of information back and forth in order to push purchases through.
A Professional Handyman
This person will be the hero of your entire operation, so make sure they know what they’re doing. Don’t turn to an amateur; invest in a full-time contractor who has been doing handyman work all their life. The more certifications they have, the better, because they will be working on plumbing, drywall, electrical systems, and much more. This person also needs to be trustworthy and able to treat your tenants respectfully. Be sure to lavish referrals and tips on this member of your team!
A Real Estate Attorney
This person is like insurance and is absolutely necessary. Issues will always crop up with your properties and your tenants, and having an attorney in your corner is absolutely essential. You can even foster relationships with a few attorneys so that you have options. This doesn’t mean you need to get into retainer contracts; it’s best to hold off on those until you know that there’s an issue that will require long-term legal attention.
A Local Hardware Store
While it may be tempting to choose the lower prices of big-box retailers like Home Depot or Lowes, your local hardware store has something extremely important to offer: expertise. You’ll find that local experts know how to fix almost anything, where the employees at the bigger stores are hit-and-miss.
Knowledgeable Business Support
There’s no business like the landlord business, and you need the mentorship, knowledge, and support of people who have been doing it longer than you have. This is where Real Property Management in Arkansas comes in. We offer complete landlord support and would love to bring them to you.
Contact Us to Learn More
We are here to make you successful and competitive as a landlord. We’re on-duty 24 hours a day, which means you can turn to us no matter what happens. Learn what we can offer you today!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
