Typical DIY Landlord Duties
What's a workday for a typical diy landlord like? For starters, the wide spectrum of landlord duties normally requires them to wear many hats. Small diy landlords are really no different than most small business owners. They all have to do a lot of the day-to-day tasks themselves to keep costs down as they grow. Sound familiar?
A "Condensed" Job Description for DIY Landlords
Unlike a regular 9-to-5 job, small residential landlords usually don't suffer too much with boredom from doing the same mundane tasks on a routine basis. That's because the nature of the landlord business requires diy landlords to perform all the various tasks that are necessary to keep the property operating smoothly. And this includes keeping the tenants happy and the bills paid.
To accomplish these objectives, a diy landlord is typically required to perform the following tasks…
- Bookkeeping and bill paying
- Collect rents
- Perform routine maintenance
- Make property repairs
- Perform yard maintenance, snow removal
- Address tenant problems and requests
- Advertise to fill vacant apartments
- Get apartments ready for new tenants
- Screen tenant applicants (the most important job on the list)
- Work with insurance agents
- Work with utility companies
- Market the property when selling
- Work with city officials, inspectors, etc.
- and, leap tall buildings in a single bound... :-)
The list goes on and, as you can already see covers quite a broad array of tasks. But, with all the great information that you'll find in
The Landlord's Library
book collection, you'll have some trusty companions to guide you through it all, one step at a time.
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