maintenance contract thoughts

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maintenance contract thoughts

Corey Osborn
Pasco, WA · Member since 2017 · 13 posts · 3 votes

I am looking for some tips or ideas from either contractors or pm's. I have 6 units an I am looking to see if anyone uses maintenance contracts with a handyman or contractor with a set hourly fee, to do all maintenance and turnovers. obviously there would be a minimum say 1.5 hour per call for little things of sort. Let me know what you think. 

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Nathan GesnerBusiness Member
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Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
9y
That's a lot for six units. If they are.in decent condition I would just hire someone hourly as the need arises.
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  • J.T. Littlejohn
    Suitland, MD · Member since 2016 · 49 posts · 21 votes
    9y

    @Corey Osborn I'm looking at establishing a maintenance contract with a handyman. He's asking for 5% of rent. Sounds like a lot initially just to basically be "on call" and do light-to-moderate repair work and preventive maintenance. Also, Includes a 3% markup for parts and supplies. I'm not sure if this is too much or standard fee. I'm self-managing and only have one property for now. Does not include any provision for a minimum hour charge for call out. 

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  • Corey Osborn
    OP
    Pasco, WA · Member since 2017 · 13 posts · 3 votes
    9y

    Hmm that's interesting. Thanks for the input.

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  • J.T. Littlejohn
    Suitland, MD · Member since 2016 · 49 posts · 21 votes
    9y

    I was reading another post and it mentioned a lower rate (3%) but didn't comment on markup for supplies. I'll probably look to negotiate a lower monthly rate and figure out a better alternative for the 3% supplies markup fee.

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  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    9y
    That's a lot for six units. If they are.in decent condition I would just hire someone hourly as the need arises.
    The DIY Landlord Book4.7248 Reviews
    WebsiteView Page
    1Reply
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