Decisions, decisions, decisions!
Who would have thought being the owner of an investment property would require so many decisions? It seems every time you turn around, you are being asked to decide what you would like to do.
And decision fatigue… well it’s a real thing. Apparently, the average person makes about 35,000 decisions in a single day! No wonder we get a little worn down at times and even the simplest decision can feel way more difficult than it should.
But, the reality is, as the owner of an investment property, you are going to be asked to make some pretty important decisions at times and way more often than you expect. The kicker with these decisions, is that they are generally time sensitive.
And with the way things are in the world at the moment, it seems we have more and more demands on our time (and our decision making capacity) which sometimes makes the temptation to delay having to make a decision super strong.
When it comes to your rental property, “putting off” or delaying a decision can have some not so nice consequences. The kind that generally cost money or create serious risk.
This is mainly because of the rules we must all adhere to when it comes to rental properties (legislative requirements are often time critical). And sometimes it’s because another person is waiting on your decision, to plan their future- think lease renewals or approving a prospective tenant’s application.
As your property manager, our aim is to help you increase your return on your investment and minimise risk which is why we can often seem a little insistent about something that doesn’t seem like such a big deal to you.
Don’t worry, we are not going to suggest you start wearing the same outfit everyday to reduce the number of decisions in your day so you have room for the ones that we want you to make (although Barack Obama and Mark Zuckerberg swear by this…decision).
However, if you are going to be out of action or unavailable for any length of time, please let us know what you would like us to do in your absence if a decision is required to be made. This will reduce headaches and if you happen to be cruising around the Pacific on an ocean liner for a few weeks, you can sit back and relax, knowing we have got you covered when it comes to your investment.
