some of these came up on another thread but I don’t think they were answered. i am very interested to hear from those of you who have used property management services in the past.
If you hire a PM company to just screen candidates and collect rent, how much do they typically charge?
Do PM companies manage repairs and maintenance, and if so, how do they bill that to you?
Other than the loss of cash flow and the perception that the PM company won’t care as much as the owner, what other potential problems does using such a company present?
If you hire a PM company to just screen candidates and collect rent, how much do they typically charge?
On average they charge 10% of the rent $100.00 per $1,000.00
Do PM companies manage repairs and maintenance, and if so, how do they bill that to you?
My management company has a Home Depot card for my account! I also have a $5,000.00 escrow account to pay repair staff.
Other than the loss of cash flow and the perception that the PM Company won’t care as much as the owner, what other potential problems does using such a company present?
I would recommend doing a credit check on the company prior to doing any business. You can tell a ton about a person by there credit! Also check there references.