December 16, 2024
Rising Maintenance Expenses Challenge California’s Multifamily Property Investors
Multifamily landlords in California are paying far more for maintenance and repairs due to rising labor costs, limited material supplies, and general inflation. Property values and insurance premiums have also climbed, adding more financial strain. To cope, owners can adopt preventative maintenance, compare contractor bids, and choose durable materials. With careful planning and smart strategies, investors can still remain profitable despite these ongoing cost pressures.
