Property Manager · Charlotte, NC · Member since 2012 · 135 posts · 156 votes
Greetings. There are an awful lot of threads on BP asking about property manager pricing, so I generated a spreadsheet tool to help investors compare pricing for management companies. However, I cannot figure out how to add an attachment here. Here is a link to where you can download it from our website: https://firm.vip/pricing Just scroll down to the bottom of the page. It is set up to measure average cost over a two year period to account for a typical tenancy duration. Obviously if a tenant stays longer than two years, the overall cost for an investor will go down if paying more up front (higher setup fees, leasing commissions, etc.). Please let me know if you have any suggestions on how to improve the tool. I hope it helps.
Hello @Drew Sygit. I feel quality of service is is subjective, depending on the expectations of each owner. How would you quantify that? Of course there are tons of questions a Landlord can ask a manager to determine if they may be a good fit. I think the best use for this tool is to use it to compare companies after one has done their due diligence on the companies they want to consider (reading reviews, interviewing the manager, etc.). I'm sure there is a way to give weight for particular attributes that are important to a Landlord, but I never did very well in statistics, LOL. If you have a suggestion let me know.