Lubbock Property Management

How I plan DIY my property management team in Lubbock.

I have been a homeowner for the last 15 years and have been fortunate to have not needed major repairs like a bad foundation or busted water lines. There are the occasional faucets needing replacing, the dishwasher quits on us and it needs repairing, or the dryer belts burned and they need fixing.   No biggie, those are easy to manage.

Property Management in Lubbock

Aside from being a home owner I also manage rental property.  Going into the rental property where cash on cash ROI was a priority the easiest way to achieve a double-digit ROI was to DIY property management.  

My parent’s home was under some remodel, large or small. As a result I am confident in my handy-man skills. This was out of necessity rather than pleasure as our house was on the smaller side. This was family entertainment every other month. 

What about the repairs I’m not qualified to do

In the mentioned 15 years of home-ownership I have developed an extensive list of certified technicians that I call upon for home repairs.  Most of the technicians are word of mouth recommendations.  

I make it a point to call or text randomly to check in on him.   For example, I used the same approach for bathroom remodel. I randomly text  and check on the person whom I’ve previously hired. Of course they must have provided me quality work before considering adding them to the list of approved vendors.

It has happened when they are tied up. In these cases I will ask for a recommendation and can be confident they will provide a solid individual.

Don’t forget the human touch

Drive around Lubbock county and you can see the booming economy.  You drive down a highway and you’ll see some type of construction going on.  I will stop and visit with the persons doing the job. My thought is this can be a person I can do business with.

Here’s a bit of advice: Don’t speak directly to the project manager but rather the boots on the ground folks looking to make a side hustle.  

Why Rentals Now?

I wanted a hands-on approach to my investments.  While investing in 401K, IRA, and individual stocks brings satisfaction the goal of ours was to have a tangible approach to measure returns.

The DIY property management may not appeal to you.  I get it. The idea of rent collection, screening, and evictions is not for the faint of heart.  

For those wanting to try DIY get with me and I’ll gladly share my process.

For those wanting to hand over the management side to a company I’ll provide a list below. Please note I have zero experience with the listed companies and have used the search engine rankings and page authority for the list. 

The Top Three Lubbock Management companies

Top 3 Property Management Companies in Lubbock, TX

Keep in mind this list does not consider client feedback or yelp ratings. This lists derived on their ranking in search engines.

Links

5 Steps To a Balanced Monday

5 Steps to a Balanced Day

Balanced work week
Balanced work week

Picture This

It’s Monday morning (again). You glance at the kitchen clock and gulp down a cup of coffee while attempting to put on your clothes at the same time and realize that you only have 5 minutes to get your 5 year old dressed and ready for school, not to mention you still need to pack her lunch. Not soon enough do you remember that you were warned the previous Thursday by your easy-going boss (not!) for being late the third day in a row.

Sound all-too familiar? Hey, no one said being a working mom would be easy, but here are 5 steps to help you achieve that delicate Monday morning balance:

  1. – First and foremost, be prepared. If need be, pack your child’s lunch the night before. Give your child a bath the night before as well. Do your washing and ironing on the weekend so that all clothes are hung and ready to go; prepare at least 5 outfits for each member of the family over the weekend and have your husband and children assist you in the process.
  2. – Set your alarm clock 10-15 minutes earlier to allow yourself more time in the morning. If need be, go to bed 10-15 minutes earlier to make up for the time difference. Wake up before your kids to shower and dress.
  3. Keep breakfast simple and healthy. If you feel that you just donít have the time for breakfast, try keeping bananas (and other easy to eat fruit) and vitamin fortified cereal bars handy and ready to grab and go.
  4. – Set a routine for you and your family and stick with it. Our bodies crave routine and that’s a fact. Go to bed at the same time every night and wake up at the same time every morning. Sticking with a schedule will make it easier to effectively manage that Monday morning balancing act.
  5. – Divide your morning into phases. For example, phase 1: Eat Breakfast, phase 2: Get Dressed, etc. Set the phases in 15-30 minute time increments (phasing increments can vary, depending on the overall time you give yourself).

Attempting to accomplish everything at once will only lead to chaos and confusion. Help your family stay within the proper phase and ask them to also pitch in and help. Encourage your family to stick to the morning phases to keep things running smoothly.

Wrapping it up

The key to achieving any balance, especially that Monday morning balance, is being prepared. Try a more organized approach to your Monday mornings and you will find that they turn out to be a lot smoother and less stressful for everyone.