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Updated over 7 years ago,

User Stats

39
Posts
4
Votes
Sing Ho
  • Investor
  • Philadelphia, PA
4
Votes |
39
Posts

Property Management issue

Sing Ho
  • Investor
  • Philadelphia, PA
Posted

Hey BP,

Need your opinion about PM situation I have with my PM for one of my properties. I had a quote from my PM to fix up and clean up a unit in my building for purpose of getting new tenant in. I was quoted one price but after some work the price went up 200 bucks on their management website. I checked the cost of the work listed and it is just a bunch of different prices and list just shows maintenance. No clue what the charges were for. When I asked about the higher price and why they did not ask for approval, I was told this "Typically for these types of items a further approval is not warranted and our maintenance workers were given the okay to complete as necessary so not to waste time, and we were still able to keep it close to the original estimate." Seems like they can up the price and make things up as they go along.

Is this common practice for PMs? Mind you, this is my first time I am dealing with a PM and I am still learning about how they run and do their business. I been with them since April of this year and so far I am not too satisfied with them. This is just one of the things I have an issue with them. Is this how it works. Do I need to look for another PM. I did ask alot of questions before I signed with them and they sound pretty good at the time but they are not living up to my expectations.

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