Business to Business Professionalism

We've been a property management (real estate) brokerage for 6 years.  We've worked with a variety of investors / owners.

I'm finding more & more investors who think little or no work is done once title transfers on a property they just aquired.  I'm finding more & more investors are skipping the inspection and or appraisal.  Can I tell you how important it is to spend $ on these 2 services...and the vast # of headaches you will save later.


In the last 9 months, I've come across a few investors who are focused solely on cash flow.  These are investors who insist contractors hold / carry receivables and then wonder why the contractor is either too busy on other jobs OR too slow to respond to new work requests.  These same investors who ask for discounts on Every. Job. Quoted.  Or the investors who ask for a quote from a contractor only to use it as a bidding war between contractors.  Lastly, the investors who want to ignore building code as a means to save $.

Investors like this do NOT belong in real estate.  They're an insult to those that want to provide a great product and profit legitimately from it.

Your property manager / contractor is NOT an interest free lender.  There is a human component to investment properties.  If you can't afford to put legit $ into ensuring a good quality product, you don't belong in real estate.

In the above situations, investors demanding the importance of cash flow rather than spending those funds to turn around a badly dilapidated building will only make things worse for themselves.


Karen Bostwick, Broker

now!!  also a Notary Public

D & K Property Management Services

(440) 590-5925

KarenMBostwick@yahoo.com

https://dkpropertymgmtsvcs.blogspot.com/

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