The beginning of the year is the perfect time to review documents, schedule meetings and other activities that pertain to your house.
We recommend meeting with your management company, or just as a committee, and making a plan for the year. Check the technical condition of the house, don't skip the roof or the basement. Find out which inspections and statutory inspections you are due. Plan for repairs and renovations, look for grant programs and start looking for suitable contractors to provide quotes. Keep your owner or member lists up to date, have tenant contacts in order, and always have communication channels ready.TOP 3 risks when working with property: 1. Exaggerated investment expectations and falling asset values. 2. Change in tax legislation. 3. Inflation.
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