If You Are an Investor and Own Rentals, Don’t Ignore Stuff. These people did and now they’re on the Front Page above the fold in the Sacramento Bee.
In fact you’ll be surprised how much attention you’ll get.
I thought I’d share my thoughts on this issue. When you buy any kind of Residential Rental property, don’t ignore repairs and always keep up and maintain your property.
If you don’t maintain your property and are like the folks that are the subject of these videos and the news stories, you’ll get lots of the same negative publicity and worse big time law suits.
Reminds me of a story from a few years ago. An Apartment Complex in Rancho Cordovo had some of the same issues as here. Guess what…? They lost their investment… lawsuits and foreclosure besides being on TV and in the News. CLICK HERE for that story I wrote about a while back.
The Solution – Professional Management
As a Property Manager and Investor you’ll be glad you hired us or someone as good as us to make sure your properties are well maintained and in “compliance” with the various codes.
If you ignore issues on your property… which is what Slum Lords are accused of, together with the tight supply of rentals and rising prices out there…? Trust me you’ll be part of the problem that will invite more and more government oversight. Not just on you, the Slum Lord, but on the rest of us that invest in Residential Real Estate but maintain our properties. Is that what we want as an industry, more government involvement…?
Here’s the original article from Sunday’s Sacbee. Check out the videos below.
You also get on Local TV
My advice is to keep some reserve so you can not only maintain it, but improve upon it as well. Make your investment an asset to the community by putting something back in.
If you need Property Management help, then call us today.
In the Mean Time
Make it a Great Day
Ed Favinger, Broker CRS, GRI, SFR, CDPE
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