Real estate investors sometimes fall victim to the siren call of a rental properties price or curb appeal and totally disregard the issue of repairs and maintenance only later to become dismayed by the dismal monthly cash flow and rates of return generated by the rental property they just purchased.
You would think that no real estate investor would ever knowingly purchase a “money pit”, and don’t. Buying a rental property fraught with repair and maintenance issues is not on purpose, it’s because the real estate investor simply has fallen asleep at the wheel and has let some other factor other than good business sense rule the day.
You can’t let this happen to you if you’re a real estate investor, or any real estate investors you work with if you’re a real estate professional. Read the full article I’ve written that suggests five things that real estate investors can do to curb repair and maintenance costs.
You can read all my other articles for real estate investors and agents that work with real estate investment property on my website at real estate investing articles.