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Updated almost 2 years ago,
Property management questions
Hey there BP.
I have rentals I self manage but I am going to be taking over property management for a property that is not mine.
The property in total is 15 acres, but the owner does not want to include all the land. There is a yard around the house that is fenced. The area out side of the fence is not to be included.
First question is how would I describe the area the tenant is leasing and would that go in the lease? My lease template just has a space for the address of the property.
Secondly, as the property manager, when I have repairs made to the property, who is billed and responsible for paying the service provider? Would the PM pay it and then bill the owner, or should it be billed directly to the owner where they would receive the invoice and pay it.
Thanks in advance!