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Updated over 4 years ago on . Most recent reply

User Stats

239
Posts
119
Votes
Mike Morawski
  • Real Estate Coach
119
Votes |
239
Posts

What is the Biggest Challenge in Property Management Today?

Mike Morawski
  • Real Estate Coach
Posted

Let's start this discussion with a question.  Mastermind and brainstorming solves all issues.  What are the biggest challenges you may be experiencing as a property manger or owner operator in the real estate space.  Let' discuss and see if a group of us can help solve theses issues and make life and business a little less stressful.  

Most Popular Reply

User Stats

486
Posts
464
Votes
Bob Collett
  • Property Manager
  • Brecksville, OH
464
Votes |
486
Posts
Bob Collett
  • Property Manager
  • Brecksville, OH
Replied

@Nathan GesnerThe biggest challenges in a place like Cleveland where good tenants are not standing in line to rent; is that investors buy in marginal neighborhoods where the housing stock is in constant need of maintenance and finding tenants who pay the rent (typically with a credit score over 600) is a challenge.  Additionally, water and sewer bills are high relative to rents in a typical 2 BR unit in a multi-family property.

Bob Collett
Remax Trinity Property Management in Cleveland

  • Bob Collett
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