As of January 2025, landlords in Orlando, Florida, make an average of $81,478 yearly, according to ZipRecruiter.com. The top 4% earn nearly 75% more, generating an annual income of over $140,000!
As lucrative as being an Orlando landlord is, it's not always rainbows and butterflies. It can be highly stressful, considering it's not as passive as many believe and is, instead, a 24/7 job. So, if you're under a lot of landlord stress, now is the best time to manage it; otherwise, you can put your health and well-being at risk.
Luckily, you've come to the right place. Our team at PMI Property Solutions has put together this guide exploring Orlando landlord strategies to help reduce renting stress.
Identify Primary Stressors
One of the first and most practical landlord stress tips you should abide by is identifying primary stressors. Doing so allows you to develop a targeted approach to managing your stress.
For example, say you feel stressed about renting out to the wrong tenants who may:
- Fail to pay rent on time
- Violate the lease agreement
- Damage your property
- Pose danger to your property, other tenants, neighbors, or the community
In that case, one way to alleviate your stress is to ensure you screen all rental applicants thoroughly. Alternatively, you can outsource the task to a reputable tenant placement service. A tenant placement service can help you find high-quality tenants most likely to be financially, ethically, and morally responsible.
Practice Self-Care
Self-care can help you manage stress and prevent your physical, emotional, and mental well-being from fraying. The U.S. Office of Disease Prevention and Health Promotion (ODPHP) recommends the following healthy ways for better stress management:
- Taking the time to unwind and relax (e.g., stretching, meditating, practicing breathing techniques, etc.)
- Eating healthily
- Getting enough high-quality sleep
- Being more active
- Doing things you enjoy
Partner With PMI Property Solutions
If you find your responsibilities as a landlord overwhelming, you don't have to bear the burden alone. Professional property managers exist to save the day.
For instance, here at PMI Property Solutions, our full-service property management solutions include:
- Marketing and advertising
- Tenant placement and management
- Lease enforcement
- Rent collection
- Property maintenance
- Accounting and financial reporting
With us on your team, you no longer have to stress about getting your vacant rental properties noticed; we'll effectively market them on your behalf. Then, we'll work hard to find and move qualified renters into your property within 21 days. You can also count on us and our highly trusted network of vendors and contractors to keep your property in top condition.
Follow These Tips for Managing Stress for Landlords
Landlords in Orlando have the potential to earn excellent income, but they can also experience significant stress. Don't let this happen to you. Instead, follow our stress management tactics and partner with PMI Property Solutions.
PMI Property Solutions serves Orlando landlords, property investors, and tenants. Our team brings decades of experience in real estate and managing rental properties. Our principal licensed Florida real estate broker and property manager, David Pierce, has over 30 years of industry expertise in residential and commercial investment real estate.
Call us today to learn more about how we can help and to request your complimentary property analysis!
