October 30, 2014

Do you Get to Take a Vacation as a Landlord?

VacationsSometimes, landlords think that once they have invested in a rental property, they can no longer take week-long vacations. However, this can be done, with the right planning.

Landlords deserve to be able to take a vacation without worrying about their property, while they are gone. Here are a few tips to help you take your well-deserved vacation even with rental properties.

Choose the Right Time of the Year

There are certainly times of the year that are much busier than others for landlords. Traveling at the holidays may not be the best idea and you may also want to avoid the spring and fall when maintenance may be needed. The best time of the month to take your vacation is after rent has already been collected, as well.

Hire a Temporary Replacement

Regardless of how many rentals you own, you may need to hire a temporary replacement to help you, while you're gone. You can use a virtual assistant to help, while you're gone. They can turn over any requests for maintenance to your regular workers and keep things running smoothly, while you're gone.

Another option is to trade off with another landlord and cover each other's vacations. This works great because they already know the business and you won't have to pay them, if you agree to cover their properties, while they are on vacation.

Let Tenants Know

Before you leave, let your tenants know you will be gone. Provide them with any new contact information for your replacement and let them know any non-emergency maintenance needs may be delayed.

These are just a few tips to help you take a vacation in peace. You deserve time away, too, and with the right help, you can leave without worrying too much.