The $100k mistake

By the Operations Team, Summerfield Management

It’s a bad idea to ask your butcher to cut your hair. Despite the overlap with your barber at expertly wielding sharp objects, it’s obvious why the results would be disastrous.
The same principle applies whether your property management company is performing capital upgrades or qualified project management.
Similar tools + different expertise = wildly different results.
We’ve seen the results of the wrong party managing capital upgrades and it’s not pretty.
Here’s an example…
Recently, we took over a property where the previous management company’s on-site staff oversaw the replacement of 10 exterior walkways at $10k a pop.
Long story short, 48-months later, the walkways have dry rot from inadequate slope and drainage.
Now the owner can expect to spend an additional $100k (just 5-years later!) on what was supposed to be a 15-year fix.
That’s one expensive mistake.
Although property management companies are qualified to oversee basic cosmetic upgrades and repairs, most are not qualified to perform structural capital projects.
When we can save you money and do it right, Summerfield will do the job. On capital upgrades of $10k+, we will always provide at least three bids so you can select a qualified professional that offers adequate guarantees and warranty to protect you from losses like the above.
Summerfield believes providing a better property management experience looks like staying in our lane and keeping everyone’s best interest in mind.
When you’re ready, call us. Prefer text? That works too.
 
Talk soon.
Robert Parmar Headshot

Robert Parmar

Travis Gold Headshot

Travis Gold

Director of Marketing

tgold@smfield.com

206-844-9039

Danielle Daily

Business Development Manager

ddaily@smfield.com

703-972-5755

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Summerfield specializes in the management of apartment properties that are approximately 125 units or larger, and is licensed to manage in Washington, Oregon, Idaho, Florida, Georgia, & South Carolina.

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