Sage Management LLC specializes in rehabbing dilapidated and
forgotten properties in an effort to make them an asset to the local
community again. This means the company needs to understand all of the
work that must be done in order to bring the property up to standard
and, just as importantly, the things that need to be avoided.
Don’t Treat It Like Your Own Home
Remember that the property is a business investment, rather than a house that you will be looking to move into yourself, so every decision that you make needs to fit into your plans for the property. While this doesn’t mean always going for the cheaper option when furnishing the property, you should at least have a budget in mind that you will not exceed.
Don’t Cut Corners
Being cost-effective in your work does not mean that you should cut corners. If you fail to address all of the issues that the building has, bringing it to market with a number of problems in the process, you may end up putting the safety of your tenants at risk. In the worst case scenarios this can lead to injury of a tenant and legal proceedings.
Don’t Neglect It
Once you have purchased a property that you intend to rehab, it is important that you stake your claim on it and make sure that everybody knows that the building is now under ownership. Sage Management LLC has found that if you fail to do this, you may find that the vandalism that often affects such properties continues, which can hamper your rehabbing efforts.
Remember that the property is a business investment, rather than a house that you will be looking to move into yourself, so every decision that you make needs to fit into your plans for the property. While this doesn’t mean always going for the cheaper option when furnishing the property, you should at least have a budget in mind that you will not exceed.
Don’t Cut Corners
Being cost-effective in your work does not mean that you should cut corners. If you fail to address all of the issues that the building has, bringing it to market with a number of problems in the process, you may end up putting the safety of your tenants at risk. In the worst case scenarios this can lead to injury of a tenant and legal proceedings.
Don’t Neglect It
Once you have purchased a property that you intend to rehab, it is important that you stake your claim on it and make sure that everybody knows that the building is now under ownership. Sage Management LLC has found that if you fail to do this, you may find that the vandalism that often affects such properties continues, which can hamper your rehabbing efforts.
