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Updated almost 11 years ago on . Most recent reply

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Adam Craig
  • Investor
  • Cleveland, OH
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When do I have leverage on Property Manager

Adam Craig
  • Investor
  • Cleveland, OH
Posted

I have 4 single family homes and just closed on number 5 - I plan to keep going. When do you think I have enough to negotiate rate/fee reduction with my property manager?

Most Popular Reply

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Not meant to be harsh, just realistic. I see it all the time on residential sales. While it sounds good to say that you negotiated a sales commission down to 4% from 6%, thinking hey "I just saved 2% off the top". The reality is I see buyer agents when they see a listing paying 2% instead of 3% to the buyer side, just pass right over that listing and don't even submit it to their buyers, or will find some way to talk it down. Right or wrong, human nature prevails.

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