The maintenance of a property portfolio could go in two directions. In the first place, you could be what they call the silent investor. The third eye investor is what you may be looking to become. Because this jaundiced eye view allows you to become a bit more critical of your assets and you could, directly or indirectly, have an influence in realizing better returns on investments for your property portfolio.
You should also be expecting something in return if you are going to be setting aside some expense towards this property maintenance napa ca project. It is assumed that you will not be the sole investor in this project. There will be several other stakeholders on board, and they should at least take a share of the maintenance costs. That would be fair. After all, they will not mind taking their slice of the property pie when dividends are declared by the majority or controlling shareholder or owners.
In the second place, if that is you then you will be taking this line. You will be the initiator and you will insist on good property maintenance and management. You also know that the outsourcing of certain services, like the administration of tenants’ rent and lease payment receipts, is time off your hands, better spent elsewhere with the development of new capital projects perhaps (or sunning it up in the Bahamas), and reduced costs to your business down the line. It is a once-off fee, if you will. Not an accumulation of month to month costs.
You are also in a position to create a friendly business to client environment in the sense that you are not going to be passing on unnecessary costs to tenants, leastways when they could be avoided.