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Updated over 3 years ago on . Most recent reply

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Jeremy Reay
  • New to Real Estate
  • Provo, UT
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Property Manager Contract

Jeremy Reay
  • New to Real Estate
  • Provo, UT
Posted

I am currently negotiating term for first rental with property manager.  Is there specific things I need to ensure are in the contract?  He has also asked about what dollar amount in repairs he needs approval from me before moving forward.  

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Gail K.
  • Augusta, GA
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Gail K.
  • Augusta, GA
Replied

How closely do you want to monitor repair issues in your rental unit?  A concern has recently been posted by a landlord that the contract approval number with their Property Manager is anything over $500 and that they are having several $250 to $300 charges being taken from the rent every month.

When I used Property Management any repair over $125 had to be approved by me.

Gail

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