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Updated about 7 years ago on . Most recent reply

User Stats

9
Posts
3
Votes
Sherry Solomon
  • Real Estate Agent
  • Rochester, NY
3
Votes |
9
Posts

Management authorization threshold

Sherry Solomon
  • Real Estate Agent
  • Rochester, NY
Posted

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?

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