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Updated about 9 years ago on . Most recent reply

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9
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1
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Henry Kam
  • Brooklyn, NY
1
Votes |
9
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Property management referral comission

Henry Kam
  • Brooklyn, NY
Posted

Im an out of town buy and hold investor interested in selling my rentals to investors from my own area. Im dealing with a property management company that i feel comfortable referring my potential buyers to. 

Im curious if anyone can suggest a possible commission deal with the property management company. 

What do you guys think?

Most Popular Reply

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57
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10
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Paul Brockmann
  • Northborough, MA
10
Votes |
57
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Paul Brockmann
  • Northborough, MA
Replied

Im not sure how many rentals you have using that PM company, but if it is a large part of their business they would like to keep your rentals as theirs.

I would give them a call and explain the situation to them that you are selling, but not because of their work.  Say it has been nice working with them and that you plan on selling these properties to investors still out of town and would require a property management company for them.  ** and then wait for them to respond.  Silence can be a great negotiating tool.  If you don't get the reply you want, you can just straight up and ask, if you refer them, if you could get something per door referred after three months or something like that.  

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