Good management will make you money.

Good property management should make money for you rather than cost you. Look at it this way, A $1.00 increase in income or a $1.00 decrease in expense, as a general rule of thumb, will increase your building value by $100.00. If management improvement increases income, the cost of management is then only pennies on the dollar a good investment by any standard . Some will argue that the management fee added to building expense reports will lower building resale value by decreasing net income. This is not true, however, as buyers will add management costs in doing their cash flow calculations if it is not already included. Even if the buyers plan to manage the building themselves, they want to get paid for doing work.