Negotiations with Property Manager

[Robert Howard]

I want to negotiate a new deal with my property manager, but want to get the opinion of the community. I started with one house with my current manager and now have three. Alone with increasing the number of rentals I also have got in better neighborhoods so better rents. I currently have three additional properties on contract that I will be adding in the next 45 days. I want to negotiate the 1st month rent component. I appreciate my manage and they do a great job, but I would like to split the 1st month. So do you all I should try to leverage my growth? Plus Im not doing it just to do but think adding three additional mortgage at one time I can't offer to lose a whole month's rent. I forgot to mention she is also my real estatle agent. Please let me know your thoughts.

[Curt Davis]

3 homes to me is not even close to being in a negotiating position.  If the management does a good job, places good tenants and has a great team in place then you might want to keep things as is. Remember they have overhead, hopefully have good employees.  Property management is a less then desirable profession so if you find someone doing a good job be happy. 

Good luck