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Updated about 6 years ago on . Most recent reply

User Stats

80
Posts
10
Votes
Billy Bell
  • Flipper/Rehabber
  • Phoenix, AZ
10
Votes |
80
Posts

Need help reviewing my first Property Management Agreement.

Billy Bell
  • Flipper/Rehabber
  • Phoenix, AZ
Posted

Hi All!

So I'm coming up on my closing date for my first ever rental property, and currently looking for property managers. I was referred to this one by a trusted friend that has a couple dozen units in the area. 

I have no idea what terms to expect in a Property Management agreement, what is fair, what should be included and what costs to expect in particular situations.

Would love if I could get some help from experienced investors with a quick look over of the 4-page agreement to see if it seems fair.

Here is a link to the blank document:

https://drive.google.com/file/d/0BwE3tEriFaNmby03NDdPQlVlQm1JN0ROU2QydG0xSFBEUVNv/view?usp=sharing

Thank you so much!

Most Popular Reply

User Stats

80
Posts
10
Votes
Billy Bell
  • Flipper/Rehabber
  • Phoenix, AZ
10
Votes |
80
Posts
Billy Bell
  • Flipper/Rehabber
  • Phoenix, AZ
Replied

This is HUUUUGE!!! Thank you so much for taking the time to write this up and provide the NARPM resource. I'm going in blind when it comes to vetting PM's, but this list you provided is incredible. This will be my initial template to grill all of the prospects I find on NARPM.

Thank you, thank you, thank you! Wishing you the best!

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