Invested Interest

Non-resident property owners (aka investors, landlords) aren't necessarily known for taking the same interest in their properties as an owner occupant does.  Shouldn't they though? Taking care of an investment is after all in the owners best interest, right?

They've invested their hard earned money expecting to make more money. Known as return on investment, ROI is the bottom line for every investor and that includes owners of rental property.  So why is it that it seems most non-resident property owners don't show interest in their investments?  Unfortunately, many find it more cost effective to do the minimal amount of upkeep to ensure the highest ROI. 

They'll hire local property managers to tend the investment, collect the rents and keep the city's Code Enforcement Department at bay.  They'll hire the least expensive one they can find without properly vetting them and as long as code doesn't fine them (fines cut into that ROI), they think that what they're paying for is getting done.  In turn, these property management companies (who have ROI's to think about too) will do no more than they have to to keep their bottom lines healthy and the investor happy.
 
Buildings are much more than mere brick and mortar. They're living testaments to history. The history of architecture and architects. The history of business owners and employees. The history of leaders and congregants. For most property owners, taking care of their home or place of business is of utmost importance. How they care for their property displays their character.  It's time to see some interest invested by non-resident owners and their paid management companies too.