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Updated over 5 years ago on . Most recent reply
Questionable management companies
Hey Biggerpocket friends,
I am starting to look for a reputable property management company in the metro Detroit area, seeing that I am new to multi unit rentals.
My concern is that my go-to heating and cooling guy warned me about a very large property management company in the area that he does work for. Apparently this company adds a 20% charge on whatever invoice he writes and makes the landlord foot the bill. The management company advises this contractor to not provide a price to any landlords/owners.
Is this something that is common? Are there any practices you put in place to avoid such shady companies?