The Cost of Poor Property Management

Where money is involved there sure will be trust issues. Rent collection is a property owner’s long-time investment, a passive income intended to serve the future generation. Hence, it is to be handled by care.

A well-maintained property can serve you for a lifetime, but a poorly maintained property will depreciate in value. Look at the long-term effect of a plumbing issue; mold and mildew begins to form in a rental property, then the water that pools near the house results to damage to the concrete foundation. The property now leans on one side and the County Government draws a huge red X at the gate and issues you a notice to demolish.

What once was a promise of the future is now a lost cause, with sinking funds so deep they grapple away your future. Mismanagement is more than what the eyes can see.. It’s not just ‘huyu hajalipa’ and ‘alihama usiku’ narratives, there’s more to it, and the cost, my oh my...you do not want to be a statistic.