R & R!

Many people believe that owning rental properties is like having a ball and chain around your foot.  You can’t get away, you can’t take a break or even a short vacation.  Well, check this out:

This is the view from the balcony at The Royal Cancun, an all-adult all-inclusive resort in Cancun, Mexico.  I just spent a week there.  Beautiful!

And no, I didn’t photo-shop the picture.  The water really IS that unreal turquoise color.  I’ve never seen anything like it.  And I’ll definitely be going back again!  So, how does a landlord do this?  Easy:

  • Be organized.  Have your ducks in a row before you go.  If you leave on a vacation with a lot of loose ends, you won’t relax.
  • I don’t recommend going in the first week of a month.  That’s when rents are due, and you’re busier at that time.
  • Have a good handyman who will cover for you when you’re gone.
  • Be availabe while you’re gone, but not TOO available.  I check messages a couple times/day, and if I have repair issues I call my guy to take care of them.  (Some handymen don’t mind getting direct calls from tenants — Craig does, so I respect that.  I wouldn’t want my tenants to abuse the privilege.)
  • DON’T have your cell with you all the time.  If you’re going to conduct business 24/7 while you’re away, why go away?

I take several vacations each year.  I work hard and play just as hard.  Be organized and run your business efficiently — the payoff is not just money in your pocket.  It’s free time to enjoy this life and the fruits of your labor.

Cheers!   🙂

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