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!
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.