{"id":863,"date":"2021-11-19T08:37:01","date_gmt":"2021-11-19T13:37:01","guid":{"rendered":"https:\/\/goldenrulerealestate.com\/staging\/?p=863"},"modified":"2021-11-19T11:20:14","modified_gmt":"2021-11-19T16:20:14","slug":"5-biggest-headaches-when-you-manage-your-own-rental","status":"publish","type":"post","link":"https:\/\/goldenrulerealestate.com\/staging\/5-biggest-headaches-when-you-manage-your-own-rental\/","title":{"rendered":"5 Biggest Headaches When You Manage Your Own Rental"},"content":{"rendered":"\n<p>Owning a rental home, especially in Gainesville and surrounding areas, is a smart investment that allows you to collect what some people lovingly think of as \u201cmailbox money.\u201d In other words, it provides passive income that you don\u2019t have to do much to earn. But, hold the phone \u2014 that\u2019s not exactly true. While you can choose to manage your own rental home, it\u2019s much better not to. Read on to learn the top headaches you\u2019ll have to deal with if you decide to handle managing your own rental.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Things That Suck About Handling Your Own Rental Property<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">1. <strong>Finding a Quality Tenant<\/strong><\/h3>\n\n\n\n<p>When you choose to act as your own property manager, you have to find and vet potential tenants yourself. And let\u2019s face it, unless you\u2019re willing to risk that you end up with a serial killer or, worse, an indoor chain-smoker, it will not be an easy process for you to find the perfect person to occupy your home. You\u2019ll have to handle drafting the lease agreement, running credit checks, and coordinating handing over the keys, just to name a few of the tasks that will be on your plate.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>2. Protecting Your Property<\/strong><\/h3>\n\n\n\n<p>Let\u2019s say for a minute you actually find a quality tenant for your rental home. They may be the tidiest, most responsible person in the world, but accidents will inevitably happen. When you go it alone, you\u2019re the one having to handle the calls about incidental damage caused by kids, pets, and drunk Aunt Nancy at New Year\u2019s.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>3. Collecting Rent<\/strong><\/h3>\n\n\n\n<p>Asking people for money is not everyone\u2019s cup of tea. But when you act as your own property manager, you\u2019ll have to get very comfortable with it. And not all tenants will pay on time, so when they don\u2019t, who has to go all The Godfather on them? If you guessed you, that\u2019s correct.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>4. Needing to Be Available 24\/7<\/strong><\/h3>\n\n\n\n<p>When you act as your own property manager, you don\u2019t get to clock out between the hours of 5 p.m. and 8 a.m. Instead, you will receive texts, calls, and maybe even Tweets at all hours about \u201cemergencies,\u201d some legitimate and some not, as well as repair requests and complaints.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>5. Being the Bad Guy<\/strong><\/h3>\n\n\n\n<p>You won\u2019t always be your tenant\u2019s favorite person. Especially when you have to enforce the lease, assign late fees, and handle notices and evictions if needed (eek). You may have to remind your tenant that people can\u2019t stay for extended periods or that they can\u2019t knock down walls to make another bedroom. Whatever the case may be, you\u2019re the one having to lay down the law, and that will not be fun if it\u2019s not a role you\u2019re used to or want.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">We (Golden)Rule at Property Management<\/h2>\n\n\n\n<p>It\u2019s clear that rental properties are a wise move for building your wealth because their value appreciates in the long run, and they provide you with monthly income. But you can enjoy those benefits without the headaches of property management, so why wouldn\u2019t you? Make it as easy on yourself as possible by calling the <a href=\"https:\/\/goldenrulerealestate.com\/staging\/team\/\">best Gainesville property managers<\/a> in the business. <a href=\"https:\/\/goldenrulerealestate.com\/staging\/contact\/\">Contact us<\/a> so we can take the stress of managing a rental property off of your shoulders. At <a href=\"https:\/\/goldenrulerealestate.com\/staging\/\">Golden Rule<\/a>, we handle the hassle, so you don\u2019t have to.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Owning a rental home, especially in Gainesville and surrounding areas, is a smart investment that allows you to collect what some people lovingly think of as \u201cmailbox money.\u201d In other words, it provides passive income that you don\u2019t have to do much to earn. But, hold the phone \u2014 that\u2019s not exactly true. While you [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":864,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>5 Biggest Headaches When You Manage Your Own Rental - Golden Rule<\/title>\n<meta name=\"description\" content=\"Owning a rental property is a great investment but managing it is not fun. 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