There is less
maintenance involved in a new property
While you would expect this to be the case, it often isn’t.
You’ve heard the saying, "They just don’t make ‘em like they
It stands true in property as well.
New properties can and do have maintenance and structural issues, from
peeling paint to cracks in the walls and ceiling, and building insurance
policies only cover so much (and for so long).
In fact, I don’t think I’ve come across a major apartment complex that
hasn’t had water leak problems.
In fact, over the last years the many structural problems, fire issues,
and water problems in a large number of new high-rise apartment buildings have
had them dubbed the slums of the future.
It also pays to look at the bigger picture, because if you buy an
established property with the intention of adding value through renovations,
you can always address minor maintenance issues then.
RealRenta has all the tools that a property manager has, but at over ¼
the cost of a property manager.
Join now and the
cost is less than a cup of coffee a week to manage your rental property
RealRenta also has a
free vision, so why not check it out
Tuesday, 15 June 2021