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Updated over 3 years ago,
Property Manager Upcharging Invoices
I just learned that the property management company I am using is charging me a higher price for work invoices than they are being charged. This "upcharge" is mentioned in the contract, it was never disclosed, and it wasn't until I asked for a copy of a specific invoice that I discovered that it was happening. I was told "we have negotiated rates with several vendors in the area that reduce costs in order for us to incorporate roughly 20% project management fees." I thought that the property management fee was designed to cover the cost of them calling out a plumber if it is needed. Is this common?