You do not need to be a property management whiz to be able to quickly identify a rental property that is suffering from gross mismanagement. All you need to do is just look for the following six telltale signs of property mismanagement:
Sign 1: Property and grounds are suffering from an obvious lack of routine maintenance and are in a neglected, run-down condition.
Sign 2: Tenant turnover and vacancy rates are abnormally high.
Sign 3: Unregistered and non-operable vehicles are conspicuously parked on the grounds.
Sign 4: Uncollected rental payments are more than 30 days in arrears.
Sign 5: Rental units are damaged as a result of tenant negligence and vandalism.
Sign 6: Property, tenant, income and expense, and tax records are either in total disarray or non-existent.
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