As April is Stress Awareness Month, here’s some advice on how landlords can avoid stress and burnout.
Be realistic
Don’t underestimate how much work goes into managing a rental.
Landlords must comply with their legal obligations and deal with tenants, maintenance and repairs.
Find good tenants
Always follow a thorough tenant selection process.
Nothing is more stressful than a nuisance tenant who doesn’t pay their rent or treat your property respectfully.
Get organised
Good organisation is vital.
You’ll need to schedule inspections, carry out repairs and track your income and expenses.
Use a letting agent
Don’t muddle your way through all the rental red tape, work with an expert.
A good agent can significantly reduce a landlord’s workload.
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