The TV show on TV one at the moment. Ignoring the biased greedy LL, poor tenant atmosphere of the show for a moment, has it made any LL’s question the care of their investment?
Obviously the show highlights the need for regular inspections but I think it also shows that handing your investment off to a PM to look after and then forget about it (let and forget) is also risky. How many LLs are in this boat? I’m sure the majority of PMs keep their clients fully informed but how often do the owners drop in to see for themselves?
If the tenant has stopped reporting required maintenance due to “nothing happens” fatigue or fear of rent raising repairs then is your investment being looked after? It’s not necessarily fault of the PM, tenant or LL, more a combined assumption of all three that everything is good enough.
Have PMs seen an increase in LLs asking to visit their properties since the show started a couple weeks ago?
Obviously the show highlights the need for regular inspections but I think it also shows that handing your investment off to a PM to look after and then forget about it (let and forget) is also risky. How many LLs are in this boat? I’m sure the majority of PMs keep their clients fully informed but how often do the owners drop in to see for themselves?
If the tenant has stopped reporting required maintenance due to “nothing happens” fatigue or fear of rent raising repairs then is your investment being looked after? It’s not necessarily fault of the PM, tenant or LL, more a combined assumption of all three that everything is good enough.
Have PMs seen an increase in LLs asking to visit their properties since the show started a couple weeks ago?
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