| Make no mistake property management is a | | | | to have their properties reassessed to save on |
| business and managing income property is done | | | | property taxes it seems that the local |
| to make money. You must pay attention to your | | | | government will find other ways to charge them |
| return on investment and make sure that your | | | | to make up the difference on their end. |
| real-estate-investments are paying their own bills, | | | | When real estate values are constantly climbing |
| and that the real estate you own has a decent | | | | during the upward business cycle all |
| upward potential in its relative value. | | | | real-estate-investors look brilliant. But real-estate |
| All too often, income property real estate | | | | has cycles just like the business cycles ride their |
| investors which are highly leveraged get into | | | | roller coaster, and what looks good today may |
| situations where they are cash poor, not | | | | not be a good value tomorrow. And more than |
| maintaining or covering costs and falling down on | | | | one real-estate-investor who was living high on |
| their return on investment estimates; becoming | | | | the hog has lost everything and filed bankruptcy, |
| upside down in the properties, while they are not | | | | losing all the properties and destroying any future |
| maintaining any sense of reality with regards to | | | | income potential in that sector. |
| actual cash flow. What seemed like a good | | | | With credit markets tight many of the real estate |
| investment strategy turns into a nightmare. | | | | commercial investors are upside down in their |
| Worse, if they let the properties run down they | | | | property values and they cannot borrow their |
| become unsellable, and they attract city code | | | | way out of this, and even if the bank is reluctant |
| enforcement. Nowadays, cities and county | | | | to take back the properties because they don't |
| governments are looking for ways to make | | | | want them either, the owners are stuck. Looking |
| money on fees and fines to offset the drastic | | | | at no ROI, no cash flow and a complete drain on |
| budget cuts they've had during the economic | | | | whatever little they have left. Please consider all |
| turbulence. This becomes a double whammy for | | | | this. |
| property owners and although they may be able | | | | |