Pro Tips for Landlords

I need some guidance. I’m a new landlord responsible for managing two properties. Each property has six apartment units. I’ve taken care of the twelve apartments for about two years, and it’s much more challenging than I expected.

I’ve encountered multiple bad tenants so far. I’m constantly updating vacancy ads around town and filing paperwork. I also struggle to collect rent, because checks arrive at all different times in the mail.

All that work is time-consuming. There must be some way to reduce the amount of work I do. Are there products or services designed specifically for landlords and property managers?

Data Will Do It

I’m worried about my parents. For years, they’ve run their own business, but the past few years have been really hard for them. It started getting rough my last year of high school, and, as far as I can tell, it’s just been getting worse. What’s weird, though, is that just a few years before, the business had been growing like crazy! Over time, customers started complaining that the business wasn’t staying on top of everything or as reliable as it used to be. It’s like my parents couldn’t keep up with trends or marketing or something – they keep saying they like to manage all their numbers and inventory and stuff “the old-fashioned way.” To be honest, I think that they just didn’t have the tools to handle the business once it started to do so well.

I’m a music major, not a business major, and I haven’t taken any classes that might help me understand this more. Can you help me?

Business Background

I’m an English major, and graduation has me nervous. The economy seems to be doing well, but I’m not sure what kinds of jobs are available to me – or which ones I even want!

One thing I’m considering is going into business, because that seems to be where the money is these days. I think I’d be good at it and that I’d enjoy it, but I’m not sure that I have the background that hiring managers are looking for in the business world. What kind of backgrounds do businessmen and women come from, these days? What can I do to bolster my resume?

Sipping Through Success

I’m not a drinker, and I’m comfortable with that. My whole life, I’ve felt very strongly about not drinking alcohol, and I’m proud to say that I’ve never wavered in my convictions.

I’m not about to change my lifestyle now, but I could use some advice on how to better incorporate my career goals with my personal convictions. I’m going into business, and it seems to me that modern business culture is still full of the sort of stuff we saw on Mad Men: drinking in the office, meetings over drinks at the country club, drinks at the bar after work, and so on. How can I network as a non-drinker? How can I succeed in business without hitting the booze?

Startup Success

A lot of people in my class have dreams of going to work for large corporations or firms after they finish their degrees, but I have a different vision. My family is a family of entrepreneurs, and I have that drive inside me as well. I want to start my own business after I graduate, and I have some capital saved up from summer jobs. I have a clear vision for what I want my business to be, but I have zero experience hiring people as a business owner or with marketing. I come from a small town, so my parents and grandparents relied on word-of-mouth to grow their business. And the only advice they have about hiring the right people is that I should follow my gut. Can you give me some advice that is a bit more up-to-date?