What issues should my property manager communicate immediately?
Category:
Property Management – Property Owners
Owners should generally be notified promptly regarding significant maintenance failures, major tenant concerns, safety issues, insurance claims, lease defaults, legal notices, unexpected vacancies, emergencies, substantial expenditures, or any situation that may materially affect the property’s financial performance or reputation.
Timely communication allows owners to participate in important decisions before options become limited.
No owner enjoys learning about significant problems after the fact.