Deferred maintenance also makes your property riskier to purchase, and that gets us back to the valuation equation: If you buy a risky prop- erty, you should expect to get a higher return. That means the buyer demands a higher cap rate, which forces the value of your property to go down.
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Redemption - (no access) - [David_Lindahl]_Multi-Family_Millions_How_Anyone_(b-ok.org).pdf, p84
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