So, it’s almost that time of the year when I’m going to have to break the mould of my stern facial expression by cracking open a smile, ear-to-ear.
I’ll be embarking on my annual trip to Las Vegas tomorrow. I genuinely need this vacation. It’s one of the only annual events I look forward to. Christmas and Birthday’s don’t mean shit to me. My Annual trip to Vegas seems to mean everything. Some people live for the weekends, I live for my trips to Vegas.
Unfortunately, being a landlord that fully manages his properties means I can’t elope by booking a ticket, sticking my fingers up and saying, “see ya’ later, fuckers” On the contrary, I’m required to organise temporary replacements to handle my landlording responsibilities in case shit hits the fan and my tenants need some assistant. That’s probably one of the main drawbacks of being a fully managing landlord.
Here’s a list of simple steps I take in order to protect my investments while I’m on holiday. Nothing described is rocket science, it’s actually common sense (I hope). However, I thought I’d jot it down anyways, It’s banter, innit.
1] Notify my tenants
First and foremost, I notified my tenants I’ll be away for 10 days, starting from the 2nd of May, 2011. I sent them all written letters and mailed them recorded delivery.
I know from personal experience that failing to inform tenants when out of the country can be a costly mistake. You never know what’s going to happen and when, so i’d rather avoid tempting fate.
I’m still usually contactable while I’m away, I make that clear, but the odds are, a lot of the times I won’t have my phone with me. Also, you never know what the signal will be like in foreign countries.
2] Arrange an emergency contact
Whenever I leave the country or need to dislodge myself from my landlording responsibilities, I always let my parents take the reign. They’re both responsible, reliable, and I trust them with my life.
I know if anything were to happen, they would take care of it.
3] Provide both tenant and emergency contact with details
This is probably the most vital step- ensuring all the relevant details are passed over to the correct parties.
I’ve given my tenants the following information (in the same written letter which mentioned my annual leave dates):
- Who their emergency point of contact is
- Contact details for the emergency contact
I’ve given my emergency contact the following:
- Name, address, telephone number for each tenant
- Information regarding how to access the spare keys to each property (in case of an immediate emergency)
That pretty much sums it up. Three simple, but vital steps (as far as I’m concerned anyways).
What do you do when you go on holiday?
In most cases, I assume the majority of landlords just take off and leave, and don’t even consider the possibility of something so server going wrong that they’ll need an emergency contact to step in. I used to have that kind of attitude, but then I heard about a few horror stories that made me wise up.
So, as a landlord, what do you do when you go on holiday? Do you take any precautions? Also, does anyone have more safety tips?
Right, so I’ll be back in 10 days, chaps. If all goes according to plan, i’ll come back with a sore (but clean) penis and a lot more money. Wish me luck.
Disclaimer: I'm just a landlord blogger; I'm 100% not qualified to give legal or financial advice. I'm a doofus. Any information I share is my unqualified opinion, and should never be construed as professional legal or financial advice. You should definitely get advice from a qualified professional for any legal or financial matters. For more information, please read my full disclaimer.