Once an asset now a liability

What was once looked at as an asset is now a liability. This property once had a family living in it and was once was generating an income, but the family who lived there had moved out. The owner had no idea how to rent property and didn't want dealing with tenants. So the owner left the property empty, thinking that one day he might sell it or rent it or move in to it himself. As time went on nothing was ever done with the property and no one had ever moved back in. Some of the local youths realised the house was empty and decided it was going to become "their new home". Before long the house was starting to look worn, the windows had been smashed, the cold damp weather soon got in and now the interior and walls are destroyed and the the plumbing and heating system had been stolen. The value of this property is now half of what it was, and instead of it putting money in their pocket it's now taking it out. It was bought for €40k and now it will cost €40k to get it liveable. This kind of thing happens everyday all over the world. At a time of crisis don't let your assets become a liability. We at Abha Properties ensure asset remain an asset. Generate cashflow & increase in value.