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s Labor Day weekend approaches, many of us look forward to a well-deserved break. But for those in property management, holidays can be a welcome opportunity to catch up on repairs and maintenance without disrupting tenants or customers.

    I'm currently overseeing several projects in Edmond while my team works tirelessly through the holiday. Their dedication is admirable, but I know it comes at a personal cost – their families sacrifice time together as well. Property management isn't just about buildings; it's about people who put in the hard work when others rest.

    This summer has been particularly challenging due to record rainfall and its impact on our properties. Gutters, drains, and foundations can only handle so much water before they start to show signs of wear. As a property manager, I've seen firsthand the hidden costs of real estate investment – the water seeping into basements, roof leaks, and parking lots that need repair.

    That's why I caution potential investors: real estate is not a passive investment. While it can be lucrative and provide stability in uncertain markets, it demands time, attention, and a willingness to get involved. From failed HVAC units to plumbing backups, property ownership requires more than just a checkbook.

    As we celebrate Labor Day, I'm reminded of the hardworking individuals who keep our properties running smoothly. Their labor is what keeps buildings standing, tenants satisfied, and investments protected. It's a testament that behind every successful piece of real estate is not just a good location or financing strategy, but the dedication of people who show up, even on holidays.

    J. David Chapman, Ph.D., is chair of finance & professor of real estate at The University of Central Oklahoma ([email protected]).