Cutting Corners

Posted by: Scott

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Scott

Ever wonder why people cut corners on the most important things?  I own a property management company that deals with the very issue of making important decisions for clients and tenants alike.   It never ceases to amaze me at how many times I had to explain to a homeowner that a house does not always rent on the first day it is listed.  Take it from me - you have to spend money to make money and renting out your house is no
exception. 

For example, let's say you decide to go with Noobsville Property Management Company.  They say that you have to put some sod in your front yard so it looks like you have grass.  "Oh no I don't!  The last renter didn't have a problem with the lawn!  Matter of fact, they stayed in the house for two years and it looks like this."  You walk off shaking your head, thinking this new owner has some real issues parting with their money even when it may get their home rented faster. 

Another example is when you tell the owner that they are going to have some out of pocket expenses for marketing and they instantly think that the management company is responsible for paying all of the marketing fees out of their pocket.  Ha. What if you have to pay a $200 finder's fee to the agent that brought you renters?  Who pays that cost - the owner does. 

Ultimately, who bears the burden?  The owner.  Keep that in mind the next time you're out buying houses. 

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