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  • Jeremy Hart, Real Estate Professional in Blacksburg

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December 21, 2007

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Jane

What your comparison fails to mention is the benefit of a property manager. Absentee owners often do not maintain the asset, and thus experience diminished returns due to deferred maintenance. The presence of a property manager can identify and address maintenance (and market) issues promptly without detriment to the asset. Actual monetary benefits of property managers for absentee owners are hard to quantify until a property owner has experienced a financial loss due to his lack of action, market knowledge, and/or presence at the property.

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