There is a difference between economic and physically obsolete buildings when it comes to investment property performance. Both factors should be tracked by the landlord or property manager so the property strategies and decisions related to change are well considered before the income dramatically falls away and vacancy factors escalate.
Depending on the status and age of the property there are alternatives to take in each case such as renovation, redevelopment, disposal, changes to tenancy mix, or changes to building …
There is a difference between economic and physically obsolete buildings when it comes to investment property performance. Both factors should be tracked by the landlord or property manager so the property strategies and decisions related to change are well considered before the income dramatically falls away and vacancy factors escalate. Read More