Have you been through a little landlord overwhelm yourself? You know that feeling when it just seems like this landlord business is a bit too much for you and the stress of the situation will never end?
If you have, you’re not alone as this feeling hits just about every landlord at some point and it usually occurs when we’re going through a new experience. A new typically unpleasant experience, like say your first eviction? Or maybe working your way through a rental property insurance claim?
I know these can be overwhelming as I’ve gone through both of them and I understand that feeling of confusion, stress, frustration with the system and yes even a little fear.
If you’ve avoided it great, if you’re one of those that never get stressed greater yet, but for those of you are already getting nervous thinking about a situation my above examples, I have a couple thoughts.
Landlord Overwhelm Can Be Temporary
First, the overwhelm is only temporary. It might seem like it’s taking forever at the time, but trust me, it’s temporary.
Second, the knowledge and the experience you gain should be looked at as a positive. Initially it may not seem so positive, but if you go through a similar experience again it is much easier the second time. It’s going to be far less confusing and much less overwhelming.
Over the last couple weeks this has been more apparent to me than ever as I’ve talked to several people going through overwhelming situations. The irony is these have all been very smart people, but people going through a new less than fun experiences.
So all I did was add some perspective.
The one person is a fairly successful Real Estate investor and she’s going through a difficult eviction. I just pointed out the end goal (getting the tenant out) and how much more diligent this will make them as a landlord. It’s turned the experience from a nightmare (and the tenant was a nightmare) into a learning experience and an overall positive.
The second individual, also quite successful, was having a challenge in a new area they weren’t familiar with. I reminded them that many many many properties ago, their first purchase was also overwhelming, now it’s a walk in the park! With this new challenge, once they moved past the learning curve and looked back in a year the initial stress and overwhelm would be almost comical.
Sometimes when you’re feeling a heavy case of landlord overwhelm, you simply need to step back, take a big picture look at the experience and realize that while it currently feels like it’s too much, in a month, maybe six months, maybe two years down the road, if you look back you’ll realize it was just a hiccup along your path to landlord success.
Have you been stressed or overwhelmed as a landlord? How did you cope? Were there positives if you look back now at the situation? Leave me a comment below and tell me how you dealt with it!
If you’re going through landlord overwhelm, you’re not alone. We’ve all been there. It might take additional action, maybe talking with other landlords or acquaintances, but you can get through it!
If you know any landlords (or anybody for that matter!) who are stressed already, be sure to share this with them! And remember think big picture!