The question that will come to mind as you read this is “who does that”? The unfortunate answer is too many people charged with operating valuable assets- multifamily assets. We are in an industry full of talented people. Mostly.There will always be exceptions and bad actors. The exceptions are often those lacking training. The back actors- they are just that.
If these mistakes are occurring with your assets it is probably time to look for new management; first to stop the damage and second to remedy the potential of on-going issues and the exposure they represent. Suffice to say these are all bad for you.