You know how the saying goes – ‘new year, new me.’ Whether you already have a couple ideas on what your 2019 rental property goals are going to be or are considering winging it, take some inspiration from these New Year’s resolutions and make 2019 your time to shine.
Enhance your Rental Property Management Skills
Looking to reach a few rental property goals this year, like increased retention rates and a higher return on investment (ROI)? Take the time to learn a few new rental property skills or brush up on your training to kick start the New Year. While on your drive to your rental properties, pick out a landlord or real estate agent-specific podcast to listen to. Make a wish list of all the rental property skills you wish to learn by the end of the year and get started with online classes available at websites like Udemy or LinkedIn Learning. Learning a new skill or brushing up on the skills you already have can help you manage your rental properties more efficiently, and help you be on your A-Game for 2019.
Work on your Rental Property Portfolio and Network
If your goal is to increase your rental property portfolio, you’ll want to pay close attention to the rental properties you have at hand. It can be tricky to invest up if your still making payments on your current properties, or if you have a terrible time keeping your rentals filled with tenants. Before you decide to dive into another rental property investment, do a deep and thorough inspection on all your current investments and leasing/managing processes. Need a new perspective? Attend an event your local rental property association is throwing or connect with those in your local apartment association. Learning more about what processes others use can help point you in the right direction.
Take advantage of ApplyConnect’s handy SMS/Mobile notifications and unique property links to save you time while looking to fill your vacancies.
Develop Your Rental Property Organization Skills
Developing and maintaining great quality rental property organization is a key skill. Before 2019 begins, take the time to use our guide to organize your email inbox. You can jumpstart your newfound organizational habits by working on keeping your to-do lists arranged and well-managed in one place (like your phone or in a planner). You can also use a planner or a calendar app (like MinimaList or Any.do) to ensure you complete all your daily tasks and remind yourself to check up on rental property maintenance.
Reduce Overall Rental Property Stress
If your goal for this year is to take a breather, use a mood tracking app like Youper or Reflectly to help discover what outside factors influences you the most. This can help you take a step back and think objectively about what’s causing your long-term stress and what actions you can take to minimize that stress. Meditation tools can help you in a pinch if you’re feeling particularly anxious and stressed in the moment. Stave away burnout by making it a habit to leave all rental property thoughts and discussions during work hours.
While sticking to new year’s resolutions is a feat in and of itself, we’re confident you’ll be able to make great progress towards your 2019 rental property goals. As long as you keep a positive mindset – thinking of all the things you want to accomplish rather than all the things you can’t or shouldn’t do – you’ll be one step closer to your New Year resolutions.
What are your for 2019?
Let us know in the comments!