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Updated about 3 years ago on . Most recent reply

User Stats

50
Posts
10
Votes
Vladut Bujoreanu
  • Rental Property Investor
  • Jacksonville, FL
10
Votes |
50
Posts

Handing over portfolio to PM, how to prevent unnecessary charges

Vladut Bujoreanu
  • Rental Property Investor
  • Jacksonville, FL
Posted

Hello Everyone,

Curious to know how you would handle this. I've been managing my own portfolio for quite a bit and am very familiar with situations where tenants are having issues with a/c, plumbing, appliances, etc. because I do majority of the work myself. 

And quite frankly most of the time I get a service call from a tenant I find it to be things they were not aware of, things that never actually needed fixing, turning the problem on/off by a switch, etc.. AKA very easy/simple things that require no actual part replacements or major work.

My fear is that when I hand my portfolio over to a PM I will be getting a lot of high price maintenance expenses for service calls which might raise my expenses dramatically.

Should I just expect this? Are there things you include contractually so that you don't end up paying high maintenance fees for ridiculously easy/no work done maintenance? Please share your thoughts and ideas regarding this. 

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