If you had to spend an hour on any landlord activity, what would be you favorite?
Mine? I'm a numbers guy. I love running the numbers on things. Make plans 2+ years down the line (haha those never work out but its fun as hell.) Making pro forma numbers for properties I want to buy.
Unfortunately, this activity is not necessarily the most useful.
@Alex Silang My favorite Landlord activity is watching the rent money being deposited into my account on the first of the month. I also like looking at the numbers in my spreadsheet.
Least favorite is dealing with a non paying tenant and having to evict them.
I also like looking for my next acquisition.
I run #’s like crazy! Glad to see some fellow kooks! When I am a spectator in a meeting I run down monthly and yearlies. Then I compute my next years with potential low/high rent increases and expense adjustments. I have pages all over the place!
I have enjoyed the landscaping we have done around our buildings because of the great response from the town and neighbors.
I also enjoy learning new tricks and technologies on here to deploy.
Most: Putting the deal together.
Least: Any kind of accounting.
Most : collecting the rents
Least : dealing with idiot tenants
I would also add that I assisted/advised another person acquiring a rental property. I found that to be a very rewarding experience.
I love collecting rents, and hate deciding whether to kick someone out.
Collecting rent is definitely the best. It’s like a third payday, that I don’t do anything for lol.
Least favorite thing is probably tenant turnover. Expensive and no rent.
Favorite: Seeing that a new tenant has paid the rent on time.
Least favorite: Scheduling showings for potential applicants. And then they don't show up.