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Updated over 4 years ago on . Most recent reply

User Stats

30
Posts
17
Votes
Drey S.
  • Rental Property Investor
  • California, CA
17
Votes |
30
Posts

Property Mgr. percentage of repairs?

Drey S.
  • Rental Property Investor
  • California, CA
Posted

Hey All - 

I'm looking for some advice regarding property management. In a recent search for a property manager, she added a line that she gets 15% of the repairs she handles. There is an inherited tenant who is particularly "asky" - so there are weekly requests right now (thus the search for a pro property mgr). 

 I feel as though this 15% add on incentivizes a higher repair cost.  Any thoughts on this? Is this standard in markets like L.A.?

Any ideas about how to ensure that the manager is paid fairly but not incentivized to get higher bids?  Should I request 3 bids on each job?

Most Popular Reply

User Stats

748
Posts
287
Votes
Chad Hale
  • Property Manager / Investor
  • San Jose, CA
287
Votes |
748
Posts
Chad Hale
  • Property Manager / Investor
  • San Jose, CA
Replied

We add no markups to maintenance expenses.  This can seem like a conflict of interest and I prefer to align the owner and property management as much as possible for a common goal.

  • Chad Hale
  • Loading replies...