5,772,575
Daniel,
If the property is not maintained, it will look like it is in need of care. Hence, anyone wishing to buy it, they would want to discount based on its curb appeal.
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Diana Dahlberg
Pleasant Prairie, WI
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Nina Hollander, Broker
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Mel Ahrens, MBA, Kelly...
Hood River, OR
1,052,321
DRAMATICALLY. Property Management impacts profitability and appreciation. All it takes is crummy property management and everything goes to hell. And decent property management is probably 10% of what's out there.
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Diana Dahlberg
Pleasant Prairie, WI
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Nina Hollander, Broker
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
7,836,431
Property maintenance, rent levels, tenant selection, rent collecton and proper insurance protection are among the reasons to have good management.
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Diana Dahlberg
Pleasant Prairie, WI
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Nina Hollander, Broker
Charlotte, NC
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Daniel Lloyd
Holladay, UT
961,383
I had a buyer purchasing their rental home. The property management company keep on deferring repairs until after they moved out. Then they decided to buy the home. Once the inspection was completed, it cost the seller $15k in sales price due to the deferred maintenance.
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Diana Dahlberg
Pleasant Prairie, WI
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Nina Hollander, Broker
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
5,104,931
Quite obviously a bad property management company can be detrimental. Isn't it logical?
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Diana Dahlberg
Pleasant Prairie, WI
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Bob "RealMan" Timm
Minot, ND
758,035
A bad property management company will not budget wisely; monthly fees will go up & the complex will suffer from deferred maintenance.
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Diana Dahlberg
Pleasant Prairie, WI
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Nina Hollander, Broker
Charlotte, NC
1,503,018
Lack of repairs/maintenance = decreased property value due to decreased desirability.
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Diana Dahlberg
Pleasant Prairie, WI
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Nina Hollander, Broker
Charlotte, NC
2,390,640
This is kind of a "no brainer" Daniel Lloyd . If the PMC doesn't enforce regulations the property is going to deteriorate and become (not just look like) a dump.
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Diana Dahlberg
Pleasant Prairie, WI
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Nina Hollander, Broker
Charlotte, NC
1,239,901
No impact. It affects rental profit.
This will not be on the license test.
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Diana Dahlberg
Pleasant Prairie, WI
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Nina Hollander, Broker
Charlotte, NC
4,883,260
Reparis are not taken car of
Properties remain vacant too long
Not insuring rents are being collected
Poor record keeping
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Diana Dahlberg
Pleasant Prairie, WI
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Nina Hollander, Broker
Charlotte, NC
5,583,278
a good one pays attention and the grounds look it... the bad one will have a tremendous negative influence on earning equity....
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Diana Dahlberg
Pleasant Prairie, WI
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Nina Hollander, Broker
Charlotte, NC
417,221
A bad one could get a tenant who wrecks the property, A bad one could let to roof leak and fall in and ruin everything inside
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Diana Dahlberg
Pleasant Prairie, WI
2,781,303
A bad prop mgmt needs no example as "bad" shows up over time. A good property mgmt never lets you see the bad because they prevent it. Its tricky because people don't see it until it fails. The trick is to never to let it fail....
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Diana Dahlberg
Pleasant Prairie, WI
5,217,381
Depending on how good, they vastly icrease the value. Conversely, a bad management company can cost you a fortune.
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Diana Dahlberg
Pleasant Prairie, WI
900,258
Good maintenance vs neglect; good interpersonal relationships, customer service and so on.
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Diana Dahlberg
Pleasant Prairie, WI
5,868,565
If the tenant doesn't take care of the property, it will be on the homeowner to do the repairs prior to listing.
4,936,716
1,311,772
2,178,703
679,404
Looks like you got alot of good answers already. Although to be honest it seems like a no-brainer ... if you have bad management the property and the profits will show it ... and the owner may have a hard time keeping tenants.
3,345,211
6,393,609
In so many ways...
- Condition of the property
- Profitability of the property