Questions about Property Management Services
Hello BP members!
I'm hoping to get some answers to the following PM questions I have, any insights would be greatly appreciated!
1. Are most PM making mortgage payments for the owner; what percentage of owners have you making this payment?
2. If the owners do not have an impound account for taxes/insurance are you also making these payments; again what %?
3. If they are having you make PITI payments and the rent does not cover this and fees are the owners sending you checks?
4. What percentage of all payments made on behalf of the owners are electronic payments and what % snail mail checks?
I would expect that both PM and Owners could answer the questions above each with there own reasoning and insights so that would be helpful. Again thank you for your time and help.