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All Forum Posts by: Anthony Palmiotto

Anthony Palmiotto has started 26 posts and replied 111 times.

Originally posted by Jon Holdman:
I can't see paying a PM. I would be paying about $1700 a year per property for a PM at the rates they charge around here. For 20 hours a year, that's $85 an hour. I can drive over and fix a broken faucet for that price (I've done that, faucet covered by Home Depot's "lifetime warranty", labor by me, total cost = $0). Had I been paying a PM, that's $200. Yeah, I'll change a faucet.

Jon, how can you not justify putting a price on your own labor? Surly your time has some sort of value to you? I would think that if you subtract the value of your time (say maybe $15/hr) from the cost of a management company...that's how I would figure the real cost of hiring a PM.