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Rainmaker
5,591,480
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Daniel,

If the property is not maintained, it will look like it is in need of care.  Hence, anyone wishing to buy it, they would want to discount based on its curb appeal.

Mar 21, 2019 10:11 AM
Rainmaker
895,525
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

DRAMATICALLY. Property Management impacts profitability and appreciation. All it takes is crummy property management and everything goes to hell. And decent property management is probably 10% of what's out there.

Mar 21, 2019 10:56 AM
Rainmaker
6,613,253
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Property maintenance, rent levels, tenant selection, rent collecton and proper insurance protection are among the reasons to have good management.

Mar 21, 2019 10:22 AM
Rainmaker
887,358
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

I had a buyer purchasing their rental home.  The property management company keep on deferring repairs until after they moved out. Then they decided to buy the home.  Once the inspection was completed, it cost the seller $15k in sales price due to the deferred maintenance.

Mar 21, 2019 10:19 AM
Rainmaker
4,122,158
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Quite obviously a bad property management company can be detrimental. Isn't it logical?

Mar 21, 2019 02:56 PM
Rainmaker
684,915
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

A bad property management company will not budget wisely; monthly fees will go up & the complex will suffer from deferred maintenance.

Mar 21, 2019 02:52 PM
Rainmaker
1,387,778
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Lack of repairs/maintenance = decreased property value due to decreased desirability.

Mar 21, 2019 12:57 PM
Rainmaker
1,901,261
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

This is kind of a "no brainer" Daniel Lloyd . If the PMC doesn't enforce regulations the property is going to deteriorate and become (not just look like) a dump.

Mar 21, 2019 12:01 PM
Rainmaker
1,154,075
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

No impact. It affects rental profit.

This will not be on the license test. 

Mar 21, 2019 11:27 AM
Rainmaker
4,046,379
Richard Weeks
Dallas, TX
REALTOR®, Broker

Reparis are not taken car of

Properties remain vacant too long

Not insuring rents are being collected

Poor record keeping

Mar 21, 2019 10:16 AM
Rainmaker
5,571,934
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

a good one pays attention and the grounds look it... the bad one will have a tremendous negative influence on earning equity....

Mar 21, 2019 10:11 AM
Rainer
318,050
Caroline Gerardo
Sun West Mortgage Corporation - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

A bad one could get a tenant who wrecks the property, A bad one could let to roof leak and fall in and ruin everything inside

Mar 21, 2019 04:24 PM
Rainmaker
2,642,262
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

A bad prop mgmt needs no example as "bad" shows up over time. A good property mgmt never lets you see the bad because they prevent it. Its tricky because people don't see it until it fails. The trick is to never to let it fail....

Mar 21, 2019 03:35 PM
Rainmaker
4,214,037
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Depending on how good, they vastly icrease the value. Conversely, a bad management company can cost you a fortune.

Mar 21, 2019 03:31 PM
Rainmaker
822,252
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Good maintenance vs neglect; good interpersonal relationships, customer service and so on.

Mar 21, 2019 11:23 AM
Rainmaker
4,943,909
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

If the tenant doesn't take care of the property, it will be on the homeowner to do the repairs prior to listing.

Apr 02, 2019 03:46 PM
Rainmaker
4,017,105
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Saw Daniel, have to see what others have to say.

Mar 25, 2019 08:48 PM
Rainmaker
911,486
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Your question makes me wonder how a bad doctor might affect my health.

Mar 22, 2019 11:33 AM
Rainmaker
1,738,513
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Oh let me count the ways! 

Mar 22, 2019 03:13 AM
Rainmaker
529,565
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Looks like you got alot of good answers already. Although to be honest it seems like a no-brainer ... if you have bad management the property and the profits will show it ... and the owner may have a hard time keeping tenants.

Mar 21, 2019 06:41 PM
Ambassador
3,058,272
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I wish you all the best with your real estate studies. 

Mar 21, 2019 05:46 PM
Ambassador
5,413,483
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

In so many ways...

  • Condition of the property
  • Profitability of the property

 

Mar 21, 2019 10:13 AM