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Updated about 1 month ago on . Most recent reply

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Ali Asadi
  • Real Estate Consultant
  • Los Angeles
9
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47
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Too Much Data or Not Enough Clarity in Property Management?

Ali Asadi
  • Real Estate Consultant
  • Los Angeles
Posted

I’ve been noticing something working with landlords and property managers:

Most of us don’t actually have a data problem.

We already have rent reports, maintenance records, and financials. But issues still catch us off guard.

Late payments build up quietly.
Small repairs turn into big ones.
Things look “fine” until they’re not.

It seems like the real issue isn’t information—it’s awareness.

Seeing patterns early. Connecting the dots.
Knowing what might happen before it does.

How do you see it? Too much data, or not enough clarity?

Most Popular Reply

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Greg Scott
  • Rental Property Investor
  • SE Michigan
6,263
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4,394
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Greg Scott
  • Rental Property Investor
  • SE Michigan
Replied
I not seeing the opportunity here, but would love it if there were.

From a financial perspective, most systems keep things on track.  If you are letting your tenant get further and further behind on rent, that is simply bad landlording.

From a physical condition perspective, I would love to have a predictive tool that could anticipate growing problems.  However, I see no feasible way to do that because the signal to noise ratio makes that nearly impossible.  Let me be specific... 

 - A well-managed SF property should only have the occasional problem pop up.  If there have been no problems for months, is it a concern if both the garbage disposal and the AC go out on the same month?  Probably not.  Too much noise, no signal.

 - Properties are not machines and the reported problems are often based on inconsistencies of people.  We've had different property managers.  Some are on top of things.  Some are not.  Some residents complain about the tiniest details.  Some are happy to live with big problems.

Here is a recent example. The kitchen light of one apartment unit fell because it was filled with water.  We knock on the door of the unit above and ask if there were any water problems. "Yes" as he shows us a kitchen filled with puddles "There has been water coming out from under the kitchen sink for a few weeks". Of course, he never told us and the cabinets are now destroyed too.  (It cost several thousand dollars to fix, but we charged the costs to his insurance.) There was no data that would have predicted this.  There was no signal to trigger a warning.

  • Greg Scott
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