Читать книгу Property Management Kit For Dummies - Robert S. Griswold - Страница 59

WATCH THOSE REPAIR BILLS!

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Most management contracts contain clauses that allow property management companies to perform emergency repairs up to a specified dollar amount without advance approval from the owner. This clause allows the company to take care of problems that occur unexpectedly. When you’re in the early stages of working with a new management company, make sure that you monitor its expenses closely. Even though it may have the legal right to use funds up to a certain amount, the company should always keep you informed. “No surprises” is one of my favorite sayings!

Repairs serve as a profit center for many management companies. They may offer very low property management fees, knowing that they’ll make them up through markups on repairs, and often, the repairs aren’t necessary. Look for a property management firm that doesn’t mark up materials, supplies, or maintenance labor, or one whose fees for such work you consider to be fair and equitable.

Property Management Kit For Dummies

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