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Financial statements

7 Property operating expenses

	2018	2017
Taxes	1,859	1,872
Insurance	166	163
Maintenance	1,441	1,428
Valuation fees	167	159
Property management fees	935	898
Promotion and marketing	493	273
Letting and lease renewal fees	961	686
Other operating expenses	1,590	1,375
Addition to provision for bad debts	446	40
Total property operating expenses	8,058	6,894

In 2018, € 0.2 million (2017: € 0.2 million) of the maintenance expenses related to unlet properties.