Landlord Challenges - What's causing your biggest challenges?

[Courtney King]

Recently I started to do a weekly video series called Management Mondays, for all of the landlords out there, what are your biggest challenges these days? Evictions? Maintenance? Property Management? I'm curious. I'd also like to tackle the challenges in my weekly series. I'd love to hear about some of your challenges and how you overcame them!

[Tony Castronovo]

Where do I begin ha ha! Well, my challenges have varied over the years and types of properties. My SFH's had different issues than my MF apartments. With my latest apartment complex we are in the early stages (just took over a few months ago)...so plenty of issues (I mean "opportunities"). But from an operations perspective we have a few interesting ones:

1. Trash - Our tenants have a hard time picking up after themselves.  Trash is everywhere.  Not a day goes by without seeing someone's bag of trash that could not make it into the dumpster.  We are working on signage and security cameras but I'm pretty irritated we have to do so much for something so basic.  Right now I have a guy I have hired to clean up trash 3 days a week.  Even with security cameras I am not sure how easy it will be to pinpoint who is violating the rules.
2. Kids gone wild! - We have so many unsupervised young children that are causing havoc.  They bang on and kick their front doors until someone lets them in.  They throw rocks...and we even saw a kid swinging a hammer at our newly stucco'd stairways.

There are plenty of the other 'typical' problems we are working through.  But these are a couple unique ones that we've been struggling with.

Tony