Striking a Balance- Property Mgmt
Updated: Oct 30, 2019
Author: John E. Damianos, Esq. Damianos Realty Group LLC 7/24/17
Someone who believes she is a competent Property Manager may be misleading herself and others in proper methodology.
Solving problems quickly is impressive and should be done expeditiously before tenant emotuons rise to vocal intolerance. However, there are cost considerations and other insights like that of problem avoidance that should be taken into account.
It has been said that "an ounce of prevention is worth a pound of cure" in practice, this means that a $20 sign, a $400 lavatory waste container and or a $300 hand dryer can prevent $600, $700 in plumbing expenses for pulling toilet bowls and snaking tens of feet into lines, not to mention tenant and landlord inconvenience.
Also, when work needs to be done, rather than the mechanical raising of phone to ear and automatic dial to the same contractors with the typical expense cost results, a balanced spreading of the jobs to moderate cost contractors at times and to more expensive contractors at others proves best.
Money saved is money earned.