Tham khảo tài liệu 'commercial real estate investing for dummies for dummies business personal finance_10', tài chính - ngân hàng, đầu tư bất động sản phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | 228 Part IV Day-to-Day Ownership and Operations you re in denial regarding problems Say for example that your significant other stops calling and replying to your e-mails. And then your birthday passes without even a word or gift. Is the writing on the wall It sure is You must have messed up somewhere and now he or she is trying to get rid of you In situations like these you can t be in denial you have to face the truth. The same goes for real estate. When you start having problems with a prop- erty something has to be done. Simply ignoring the problems or denying that they re there won t make them go away. Even your authors have fallen prey to denial. Just remember that the denial of property problems is a major cause of property failures. Here are some of the most commonly denied symptoms Poor curb appeal The most important part of keeping your property occupied with paying tenants is to keep it looking nice clean and attractive. Imagine looking for an apartment to rent for yourself and having a choice between a bright shiny and nicely manicured apartment building and one with an overgrown lawn missing screens and loose shingles. Which one would you walk into A property that resembles the latter is showing symptoms of financial distress. Being in denial in your property s appearance goes straight to the bottom line. Missed monthly mortgage payments This symptom of distress is a pretty obvious one. Consider those who have had trouble paying the mortgage on their homes. The reason they had trouble was because they had money problems. They had too much month at the end of the money The same trouble applies to owners of a commercial property they can have money problems too. Just remember that missed mortgage payments serve as the writing on the wall. Something s obviously amiss if the owner can t come through with the payments. High vacancy levels When a property has experienced higher vacancy levels than its comparable neighbors for months on end don t be in denial
