In a recent post, we began our look into the impact that functional obsolescence and deferred maintenance can have on commercial properties. While the near term upside to deferring maintenance is higher cash flow, the downside risks are generally harmful to your property’s long term performance and resale value. Let’s take a look at some deferred maintenance items with an eye for measuring their impact on the performance of your real property asset.
The Kelemen Company is a leading real estate investment and property management company based out of Southern California. Utilizing our extensive knowledge of Orange County commercial real estate and local market trends, we offer an approach that creates value and minimizes risk. Our goal is simple: optimize returns while maintaining the level of care each investment, property, and client deserves.