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Updated about 6 years ago on . Most recent reply

When to ask for a decrease in PM cost?
Hello BP,
My wife and I currently have 4 doors/3 properties with a PM who we really like. We are currently paying 10%/mo.
We are under contract on a 4 unit property. I am wondering when is it appropriate to ask for a reduction in monthly % paid to our PM? Is 8 units enough? Total should be about 6K in gross rents when they are all occupied.
Should I ask for a reduced rate on the new ones? Reduced rate on all of them or wait until we have more properties?
Thanks in advance.