Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago, 01/14/2017

User Stats

6
Posts
0
Votes
Dan DeAngelo
  • Los Angeles, CA
0
Votes |
6
Posts

Extra Manager's fee / Legit ???

Dan DeAngelo
  • Los Angeles, CA
Posted

I have a 20 and a 19 unit property that is professionally managed off-site.  I pay 7% of collected income and my manager also charges leasing fees, trip fees, and recently another fee that really bothers me.  The new fee is the difference between a wholesale fee, or discounted fee, a vendor charges them for a repair, because of their relationship, and a "market rate" for that same repair from a vendor who doesn't give them a "relationship discount. Basically, they expense to me a manager's fee for the difference between a wholesale repair cost and a retail repair cost. This is hard to measure and I just don't like it.  My manager says this has become common in the market.  Any ideas on 1) Is this a legit fee and? 2) What better compensation system can I do to better align their interests with mine?  Thanks.

Loading replies...