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Updated over 8 years ago on . Most recent reply

User Stats

195
Posts
52
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Lois S.
  • Investor
  • Brentwood, CA
52
Votes |
195
Posts

PM & Turnover expenses

Lois S.
  • Investor
  • Brentwood, CA
Posted

When a PM has their own staff bring property back to rent-ready condition, they present invoice copies of their necessary supplies purchased to the client/owner. 

If invoice includes tools that can be re-used, who pays for those? (for example, drill bits, small screwdriver, etc)

Is there a dollar limit you would expect PM to pass on to client  -  say XX dollars for small items ?  

How do PM's on this site handle expenses for rent-ready supplies?

Most Popular Reply

User Stats

238
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204
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Dana Dunford
  • San Francisco, CA
204
Votes |
238
Posts
Dana Dunford
  • San Francisco, CA
Replied

The PM should charge labor + materials 

Material = what is put into the house

Labor = cost of their personal time and personal tools (that they keep). 

I've never heard of a property manager charging a landlord for their personal drills and screwdrivers. Quite frankly - I think that is a little bit sketchy. 

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