Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!

Clawing back equity for non performance turns into a legal battle far more often than just terminating a service provider.

I ripped up the old carpet, patched gaps in the floor, put down a sound-dampening underlayment, and put new flooring over the top.  

@Tim Shanahan I have purchased a duplex for $57.5k, performed a $25k reno and it rents for $1600.

You have to consider how your current home performs as if you invested $180,000 into it today, your mortgage payment today, your rent today, etc.If you sold this house today you would have $180,000 in your pocket.

When working with a cost segregation company, they would perform an onsite visit as well as take care of all of the items you listed above.

This 52- unit property is very well performing.

A scope of work document is more applicable to agreements with contractors, since contractors are the ones who actually perform the "work" and fix the issues.

We negotiated a good price after previous buyer failed to perform.