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Updated almost 2 years ago,
Transfer of Management fees?
Hi! I will try to provide some details in a succinct way:
- My husband's LLC owns a property with 15 rentals on it.
- My LLC manages them.
- My husband is selling the property.
- The buyer hired a different management company to take over.
Can I (my LLC) charge the buyer to transfer the leases and management? The new property manager just emailed me a huge list of reports and info that I need to provide to them. Can I charge the buyer for the time I put into preparing these documents? Or should I charge the other management company? I'm not sure how this usually works. It's kind of like they're buying me out. The end of the leases are anywhere from June 2023 to February 2024.