Why Cutting Corners Costs Landlords $47,000 #landlord #mistake

15 Dec 2025 · 2 min

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2:07

In this concise, on‑the‑road monologue, Conrad Vass of Space Property explains why landlords and property investors should not balk at higher fees for comprehensive property inspections. He recounts a recent client complaint about perceived high fees, then details the two‑hour Ingoing Conditions Report he just completed, emphasizing that a thorough, well‑documented inspection takes significant time and expertise. Vass argues that investing in detailed inspections, recommendations, and management plans reduces future conflicts and hidden costs, whereas cutting corners on these services can lead to far greater financial losses for landlords. The core message is that the upfront cost reflects real value and protects investors from costly mistakes down the line.

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Conrad Vass here from Space Property. I am just driving back after receiving a call from a client regarding fees, and they felt that our fees were high, which was interesting considering I just left their property, conducted an Ingoing Conditions Report, which took over 2 hours. So that's just part of our service, which makes it really difficult to have people understand what is actually involved. You can, like anything, you can do a 5-minute report, or you can take your time, document it properly for the benefit of all parties. That all said, takes a lot, takes a lot longer, and time is money. And, um, unfortunately, someone who wants to take care of their clients and their customers, uh, you know, reflects in the quality. Less less areas of conflict, hopefully through better quality reporting. So it's about value, guys and girls, particularly if you're property investors. It, uh, it might just seem like dollars and cents to you, but cutting corners on things like Inspections, recommendations, you know, your management plans for your property. They are costs. They are real costs if you don't pay attention.