General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago,
Property management fees advice?
Hi everyone, I could use BP's advice. My PM charges me crazy fees for everything. For example, the furnace crapped out, and he arranged to have it replaced (which is fine) but also charged me $200 for bringing 2 heaters to my tenants for 3 days. Earlier on, he charged me $220 to have a simple lock replaced. That's on top of the 10% fees. I get it that this is their business but to me this is death by a thousand cuts. Can someone give me a reality check on what I should be expecting in terms of actual PM spend and whether such high prices are within the range of normal? This is in Indianapolis.
Many thanks in advance!