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Management authorization threshold
i’ve been going back-and-forth with someone about this and I’m trying to figure out: what is a reasonable figure for an investor to told her property manager that they can spend on repairs without specific authorization? The investor in my situation wants to say $200, And the property manager is going ballistic, saying he can’t work this way, He needs to be able to do what he has to do for anything $500 or less. The manager in this situation runs a huge operation and he’s not just making up numbers left and right.
Which number is realistic and responsible?