How Do You Incentivize Your Property Manager?

How Do You Incentivize Your Property Manager?

New to Real Estate · CA · Member since 2020 · 16 posts · 8 votes

Before I go to call or sit down with any PM companies or individuals, I am curious how everyone has structured this relationship within their own business.

 - If you are dealing with a larger company, are they open to negotiating with you on terms or do they essentially tell you how their business does things/take it or leave it?

- If you have negotiated to the way you personally want things done, how are you structuring that arrangement and incentivizing your PM so they're not taking you for a ride but also making it worth their time and having it as mutually beneficial as possible? 

Also, any links to resources on this subject - BP or external like podcasts, articles, industry literature etc - are greatly appreciated!

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  • Real Estate Broker · Jacksonville, OR · Member since 2009 · 199 posts · 155 votes
    6y

    @Aaron Almquist I pay what they charge but I require they notify me of any expenses, so I can decide to have them do it or my contractor. In my opinion, it is repairs that landlords are most vulnerable to property management companies.

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