Organize your office. The most effective way to run an apartment complex is to have all your paper work organized. You'll need file cabinets to keep files on each of your tenants, which should include copies of their lease, application, lease addendum, maintenance requests, and a log of any all or correspondence you have with the tenant. You'll also needs files for applications you rejected with the reason for rejection recorded. You'll need files to keep your blank applications, leases and lead books. You should be able to find anything in your office within seconds.

Create a set rent schedule. For example, if rent is due on the first of the month with a 3-day grace period, then go door to door on the fourth day of the month posting 3-day notices to all tenants that didn't pay their rent.

Find a dependable maintenance person and an emergency back-up. Unless there are special circumstances, maintenance requests should be responded to within 24 to 48 hours of the tenant calling.

How to Run an Apartment Complex. Running an apartment complex is a very detailed full-time job.

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