A new type of property management approach?
I'm talking with an investor in my area that I'm trying to build a mentor/mentee relationship with. As a newbie, finding value for him is paramount to me. Picking the brain of a colleague only goes so far without offering anything up to him. He expressed a complaint against the state of affairs for property management. Through a casual conversation, we spitballed an idea and I'm curious how the BP community feels about it. These are just made-up numbers but it's the start of an idea for us. The idea is that some properties need much more attention than others. Subsidizing the very easy-to-handle properties through the time costs for more pricey ones.
Tear it apart, please!
A la carte property management
$225 - onboarding/renewal fees
$75 per touchpoint
- $75 per unit/month to collect rent
- $75 to handle any service calls
- $75 to process an application
- $75 to... You get the idea