6 Strategies For Avoiding Property Management Burnout
No matter what industry you work in, burnout is a real issue. However, it is particularly bad for property managers, especially if they take on more clients and jobs than they can handle. It can ruin the joys of success, make completing tasks more difficult, and ultimately dampen your mood when experiencing it.
Experiencing burnout is nothing to be ashamed of, so if you think you may be on the brink of experiencing it, then you may want to implement some strategies to avoid it. In this article, we will discuss all things property management burnout and how you can avoid it.
What is management burnout?
Manager burnout isn’t something that just property managers experience. It is something that anyone working in management can potentially go through. Being a manager is a stressful job, and you’re put in charge of many people and tasks. This can often become too much for one person.
Management burnout is the result of too much stress due to your job, and it can result in the following symptoms:
- Always feeling tired, even after a long night’s sleep
- A feeling of negativity around your job and tasks
- Not completing your jobs to the same standard you used to
You want to manage your stress and avoid these symptoms at all costs before they happen. Therefore, you need to look at what causes property management burnout and how you can avoid it.
The causes of property management burnout
Property management burnout is mainly due to the high-stress tasks involved with the job. While many people may think being a property manager is a breeze, many hours are put into helping landlords and tenants and ensuring everything goes smoothly. The long hours and multiple tasks at a time can cause burnout.
Burnout is much more likely in property managers who take on more properties than they can handle by themselves, or they don’t have enough staff in their company to handle the vast number of tasks. This is why it is actually quite easy to avoid if the stress is managed effectively using the best strategies.
The best strategies to avoid property management burnout
Invest in property management software
As a property manager, you want to do everything yourself; we get it. However, property management software is the key to growing your business while also avoiding burnout. They help handle a ton of your tasks, such as collecting rent, communicating with tenants, and putting together checklists.
Hospiria is the number one property management software and can help you reduce your workload, especially if you have lots of rentals you need to handle. All you have to do is input all the relevant data and property information, and we will do the rest for you with precision. Get in touch with one of our experts to get started today.
Maintain a work-life balance
We understand work can become addictive, especially if you’re on an incredibly successful streak, but you still need some downtime to avoid burnout. Everyone needs to maintain a good work-life balance, which means taking time to see your loved ones, doing the things you love, or even just relaxing by yourself.
It is a good idea to take two days off each week, giving you time to unwind and recharge before returning to work. This can be difficult as a property manager, but you should set hours and days that you can be reached because everyone needs a break. In addition, you could potentially have an emergency line for your days off in case there is something urgent.
Ask for help
Do you feel like the task list is incredibly long, and it looks like it's never going to end? Maybe more tasks are being added than there is time to complete them. Then it may be time for you to bring in some extra help. As we’ve already mentioned, you could get a property management software tool, but you can also ask other humans for assistance.
If you have taken on more properties than you can handle, you might want to hire another property manager to help you out. You can then share your tasks between the two of you. You may not get all the income for yourself, but it’s better than losing clients because you can’t complete tasks and develop burnout.
Prioritize and delegate your work
Looking at a long list of tasks can bring stress, potentially resulting in burnout. However, if you get through the work and start ticking things off, this can ease these feelings. It can be difficult to know where to start, so you may have to rank the importance of each of your tasks and prioritize them.
When you know what tasks are most important and what you want to do, you should get started on these ones right away. If there are less important tasks that aren’t as urgent, you can move them to the bottom of the list. Similarly, you can delegate them to others who work for you.
Block out time to get your important work done
Once you’ve prioritized and delegated your tasks, you may feel like you can breathe. However, you might still receive messages and tasks from other clients, which means the list continues to grow, and so will your stress. This is why you need to block out time to get all the prioritized work done without fear of other tasks building up.
Select a time in the week you will do all your paperwork, for example, and get it done. Unless it’s urgent, don’t worry about the other tasks building up for now. You can worry about those when the important work is done.
Exercise can do wonders
We know everyone says this, but exercise really is very important in helping reduce stress and avoiding getting burnout. We’ve mentioned balancing your work and social life, but you will also need to find time to introduce some exercise into your calendar each week as well.
Even if it’s only for 15 minutes, some exercise is better than none. You can either go to the gym, go for a run around the block, or even dance around your living room to let off some steam. By doing this, you’ll release endorphins and reduce your chances of developing burnout.
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