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Updated over 8 years ago on . Most recent reply

User Stats

603
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130
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Adam Craig
  • Investor
  • Cleveland, OH
130
Votes |
603
Posts

Ask for discount from property manager?

Adam Craig
  • Investor
  • Cleveland, OH
Posted

I have been with my property manager from the start, about 5 years now. Its one of the larger companies in my area. I now have 21 single family homes being managed by them. All in all I am happy with the job they do and would never consider self managing. 

Fees are pretty standard. New leases they take entire first months rent. Then 10% of gross monthly rents. $200 lease renewal fee.

Is 21 properties and counting enough to negotiate some of the above fees? I get volume pricing from most of my workers because I keep them so busy, is property management the same?

Most Popular Reply

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1,730
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1,511
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Jason Hirko
  • Lender
  • San Antonio, TX
1,511
Votes |
1,730
Posts
Jason Hirko
  • Lender
  • San Antonio, TX
Replied

I negotiate after 10. Never had them say no in any market.

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