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Updated about 5 years ago on . Most recent reply

User Stats

303
Posts
160
Votes
Justin Polston
  • Property Manager
  • Shelbyville, IN
160
Votes |
303
Posts

Getting nickel and dimed to death by PM?

Justin Polston
  • Property Manager
  • Shelbyville, IN
Posted

I've started several Property Manager/Management-centric discussions on here.

After physically meeting some local BPers here in Indianapolis, and throwing this idea around, it seemed to stick more than I reckoned it might.

If you're reading this, the title must somehow relate to an all too real experience, especially with OOS folks.

If you already have 10% set aside for PM fee, and another 10% for maintenance, would you think it worth it to go ahead and pay a PM 20% fee, knowing any service call, maintenance line item, etc under $250 (could be tiered) would be included in that PMs service fee? No cap?

Obviously if we have a furnace, septic, etc that needs overhauled, that isn't what I'm talking about here.

What are your thoughts as an investor who relies on Property Management expertise?

Thoughts?

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