General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago on . Most recent reply

Property Manager Contract
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.
Most Popular Reply

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