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Updated almost 4 years ago,

User Stats

58
Posts
20
Votes
Joshua Wilson
  • Rental Property Investor
  • Palm Bay, FL
20
Votes |
58
Posts

A new type of property management approach?

Joshua Wilson
  • Rental Property Investor
  • Palm Bay, FL
Posted

I'm talking with an investor in my area that I'm trying to build a mentor/mentee relationship with.  As a newbie, finding value for him is paramount to me.  Picking the brain of a colleague only goes so far without offering anything up to him.  He expressed a complaint against the state of affairs for property management.  Through a casual conversation, we spitballed an idea and I'm curious how the BP community feels about it.  These are just made-up numbers but it's the start of an idea for us.  The idea is that some properties need much more attention than others.  Subsidizing the very easy-to-handle properties through the time costs for more pricey ones.

Tear it apart, please!

A la carte property management

$225 - onboarding/renewal fees

$75 per touchpoint

    - $75 per unit/month to collect rent

    - $75 to handle any service calls

    - $75 to process an application

    - $75 to...  You get the idea