Mass Construction Show
Oncoming Apartment Squeeze
Mar 20, 2024
Exploration of challenges in property maintenance, rising rent costs, and loan delinquencies in commercial real estate. Discussions on struggles faced by property managers, financial pressures on property owners, and the potential trend towards affordable housing options. Impact of liquidity crisis on all parties highlighted, advocating for reviews, ratings, and merchandise promotion for podcast growth and support.
14:53
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Quick takeaways
- Contractors demanding upfront payment causing maintenance delays.
- Forecast predicts doubling of multi-family loan delinquencies by 2024.
Deep dives
Concerns Regarding Property Maintenance and Contractor Payments
Property managers are facing challenges with contractors refusing to work without upfront payments, resulting in delayed maintenance tasks. Vendors, including plumbers and electricians, are avoiding jobs due to payment issues. This situation leads to significant delays in essential repairs, affecting property upkeep and tenant satisfaction.
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