I also heard that PM can hire a handman who charges you more, then split the commission between each other.
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If you look at the thread I started: FIRING Your PM, one of the points I listed is don’t hire a PM that has in-house maintenance for exactly the reason you listed.
PM companies aren’t just interested in the management fee, your property will be seen as an opportunity for additional revenue.
That’s also another source of stress.[/quote]
Paramount. I have a question for you… Do you still live around where your rental property is? If so, what is the reason that you are getting a PM to do this and for example not yourself? I mean, my relatives use an agent to help them find a prospective tenant, and pay them a flat fee for the leads if they sign up…But for all other repairs stuff, they ended up getting their own handyman/etc…
Have you tried renting out your place yourself versus using a PM? For folks that have 6,8,10+ properties, I can see were PM is helping one free up time, but if you have 1 or 2, what prompted you to use a PM?
