Updated over 9 years ago on . Most recent reply
PM & Turnover expenses
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
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.



