Failure to maintain the property:
The owner of the property thinks that after building or buying the property he just sits and gets the monthly income from the property and this is wrong because the real estate needs a periodic maintenance and a review of the condition of the property (electricity, plumbing, sanitation, air conditioners, building status, doors, windows, etc.) so that an early fault is discovered and repaired Its costs are much lower than its late discovery, which may lead to the distortion of the property or the occurrence of a malfunction that could destroy the building. Therefore, the faults must be reviewed firsthand and repaired immediately.
Not developing the property:
Residential or commercial real estate lives for a long time and achieves a good return, but cities and the region are developing rapidly. The region will witness many buildings and better than yours. In order to maintain the demand in your real estate, you must develop and improve it so that the tenants from you do not go to the new buildings and leave your real estate that no one wants to rent.
Not choosing good tenants:
Choosing the tenant is the most important thing that you should take care of after choosing the location of the property, so the tenant is the one who lives in the building and maintains or harms him, so choose the tenant who helps you in maintaining your property .
Not to use maintenance professionals:
Paying attention to the maintenance of the property alone is not enough to preserve it. Choosing a specialist in its field will help you to avoid future problems, so choose the technician who has good experience and pay him well until he finishes his work for you; If you hire an inexperienced technician who may cause damage to the building that you do not notice in his time or spoil the work that came to repair it, it is best to agree with fixed technicians to repair the faults and maintenance of the building .
No use of experts:
Whether attorneys help you to draft contracts that protect your property and your rights, the contract is binding on you and the tenant to know its limits, whether in the use of the property or the penalties that fall on it as a result of the destruction or sabotage of part of the property as conditions and penalties in the event of late payment or leaving the property in addition to the annual increases so choose a good lawyer and pay him well To preserve your property and money, also choose a good broker and pay generously for him to market your property and bring you tenants.
Failure to follow the market situation:
Failure to follow the laws that are formulated in the real estate field may cause you problems and fines, in addition to not following the real estate prices and rents, causing you to lose money. You must follow up and accompany those working in this market and ask them about the new to keep you informed of the latest news of the real estate market.
Distinguishing between tenants:
You must consider and set prices for the entire population of your property and do not make a reduction for a resident and do not distinguish it from the rest, whether in the price of rent or in services in the property or at a discount.