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Updated almost 2 years ago,
Quote from maintenance company - are they trying to rip me off??
Ok, so I've been skeptical for many, many years of hiring a PM. My main concerns were that a PM wouldn't care for my properties like I would, that I would pay exorbitant amounts for any kind of maintenance, and that they wouldn't fight to get me high rents (in alignment with market comps).
With that, my portfolio became too much for me to manage, and I've taken the plunge and hired a PM. My building just had a vacancy and the PM proceeded to get the maintenance company to quote out work needed prior to placing a tenant.
About the unit: this particular unit is a 450 sqft studio with 1 full bath and a small kitchenette. When I got the quote I was floored, couldn't believe it. I've omitted the name of the company to maintain confidentiality.
Parts I'm having a very hard time with... to paint the unit along with a very small wooden stairway leading to the front door, maybe 4-5 feet wide and 3 steps, they want over 2k. For unknown reasons to me they want to replace the faucet, angle stops, and supply lines. Upon inspection it seems that the only thing needed is a new faucet cap. They want $40 to plug in a C02 detector into the wall for crying out loud. For reasons unknown to me, they are wanting to apply a new "stain coat" on top of laminate. Maybe this is a thing, but I've never heard of it. Floors are generally in ok condition, some minor scratches.
The one thing that did look ok to me was the electrical work in the bathroom. If there's something wrong there I would have no problem paying someone a couple hundred dollars to get it right.
Are these guys trying to take me for a ride?