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Updated over 4 years ago on . Most recent reply

User Stats

62
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7
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Sachin Maskey
7
Votes |
62
Posts

Property management ripped off

Sachin Maskey
Posted

"Pull chain switch for light fixture in closet is broken and needs to be replaced" . Property management is charging owner ( me) around $110 just to replaced this ??

Feedback will be appreciated 

Most Popular Reply

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446
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565
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Anna Sagatelova
  • Property Manager
  • Cleveland, OH
565
Votes |
446
Posts
Anna Sagatelova
  • Property Manager
  • Cleveland, OH
Replied

@Sachin Maskey respectfully, their monthly fee is not for doing nothing. All PMs charge a monthly fee and that's to interact with your tenants and collect your rent.

If you didn't agree with them charging separately for maintenance (doing repairs to your property, not theirs, that surely the labor and materials costs for would exceed 8% of your rent), why did you sign a management agreement that agrees to such a structure?

It's not a mindset, it's a business, and if a given PM's business and pricing structure doesn't work for you, just don't sign the contract. What you are suggesting is not a win-win situation, it's a PM going out of business, although what is your alternative? Do you have the time to go and deal with the tenants, collect the rent, go out and perform the repairs yourself or find a handyman who would (and who doesn't charge a trip fee?) If so, you should pursue that option.

If your PM is charging you anything outside of what was agreed to in your contract, then you definitely need to bring that up to them, but it sounds like you were aware of their fees.

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