Expense Creep is it costing you thousands!

Posted 01/18/09 by Multifamily Associates and filed under:

We are amazed at the number of owners we meet and find they haven’t really paid close attention to their expenses.We see owners let rents settle, property management fees creep up and utilities increase. Many owners just go by each month happy they’ve put some money in their pocket and they say “I’m paying the mortgage down each month.” They don’t realize an extra $1000 in annual expenses can decrease the property value by as much as $12,500!
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