by JOHN WILHOIT JR. on JANUARY 31, 2012
Great blog by John. It really makes you think about your asset and how you or the management company are staying on top of things.
The question that will come to mind as you read this is “who does that?”. The unfortunate answer is too many people. We are in an industry full of talented people. Mostly.
If these mistakes are occurring with your assets it is probably time to look for new management, first to stop the damage and second to remedy the potential of on-going issues and the exposure they present. Suffice to say these are all ….. bad.
1. Allowing a danger to public safety to persist. Suspect electrical, known illegal drug use, endangerment of children, domestic abuse, violent behavior. No good choices here. All or any similar issues must be addressed in real time once known.
2. Creating, encouraging or allowing fraudulent acts. No one should be skimming off the top. PM is a business. If you can not do the business without a very high level of integrity then get out of the business, please.
Read more...Top 10 Worst Property Management Mistakes | Multifamily Insight Blog
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