Property Management Fun

There is never a dull moment in property management.  Just when you think you have everything under control, rain happens.  The kind of storms we get here in the Kansas City area can really cause havoc with their wind and rain.  Here in the Olathe area last Sunday we ended up with about 3 inches of rain in about 9 hours. Two heavy downpours added up to those 3 inches.

Of course, with that amount of water this going to be runoff and therefore, some water in basements.

Why do people finish off basements?

I mean, I did in my house.  But I didn’t use drywall and great carpet.  So every once in a while when it does get a little wet I dryvac it up and move on.  But when a basement has plush carpet and drywall and the sump stops or the sewer backs up or there is rain pouring in from the window wells that are flooded, well, you get the picture.

So just when you think you have everything under control, property management wise, here comes a storm, or snow, or broken trees.  Now granted, we manage 200+ homes and this isn’t happening to all of them.  But every time here is storm you can bet we have some work to do on 3-4 houses.

2 Comments

Filed under Property Management

2 responses to “Property Management Fun

  1. Brian Y. Morehouse

    Property management is a continuous obligation of the landlord. In the event that you don’t comprehend the management report, you could lose cash not knowing it.

  2. Brian, very true. Though sometimes the reports can be pretty complicated at first glance there is an answer upon the studying of them. But they do use accounting principles so sometimes I, too, have to stop and remember all the numbers report backwards inside the ledger.

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