Unexpected cost by property Managment
84 Replies
Nadir M.
posted about 1 year ago
Hello everyone,
My PM charged me $290 for replacement of a cartridge on a tub faucet. Does $290 not sound like I was way over charged? I mean how expensive are parts and labor? Sometimes I think about trying to manage my own properties from long distance. Thoughts?
Aaron K.
Specialist from Riverside, CA
replied about 1 year ago
That should be maybe $120, you were overcharged, but self managing long distance is tough.
John Thedford
Real Estate Broker from Naples, FL
replied about 1 year ago
Do they have an upcharge for repairs? It sounds like it.
Christine Kankowski
Real Estate Agent from Temecula, CA
replied about 1 year ago
You may want to call a plumber or two in that area and see what they would charge, Did they need to fix the surround as well ? Not that easy a fix sometimes.
Nadir M.
replied about 1 year ago
Well my parents live in that area so wouldn’t be too difficult...Thats just one too many repairs my PM has charged me a ridiculous amount for. He’s also suppose to call me for any charges above $200 and never did.
Nadir M.
replied about 1 year ago
@Christine
I told my PM to send me an invoice for the repairs and has yet to do so. He never mentioned any walls being replaced or anything else, just cartridge. He also is suppose to inform me, per lease agreement, any services over $200. That faucet was replaced prior to property being rented out. I just don’t understand where the $290 came from. He also said that the repairs that were done prior to property being rented out may have not used quality parts that they used which I think is total bs...it’s a tub faucet, how much more expensive can they get?!!!
Nadir M.
replied about 1 year ago
@John Thedford they don’t have an up charge, I’ve had many things repaired and this seems like the simplest repair at the most absurd amount. They said faucet was continuing to leak and had to change cartridge. Even if this was an emergency and needed to be fixed right away, which it wasn’t, it still wouldn’t cost $290.
Arlan Potter
Investor/Accountant/Builder from Meno, Oklahoma
replied about 1 year ago
Depends on the area I guess. A Delta cartridge is in the $40-50 range. If the plumber has 2 hours in the job that could be $140 labor plus a trip charge, plus the PM charge. Still $290 is somewhat high. My son-in law plumber would have charged the part to my account and a minimum $98 for the service call. Around $150 But you may be in a high price area.
Theresa Harris
replied about 1 year ago
Originally posted by @Nadir M. :@Aaron K.
Well my parents live in that area so wouldn’t be too difficult...Thats just one too many repairs my PM has charged me a ridiculous amount for. He’s also suppose to call me for any charges above $200 and never did.
If this isn't the first time they've done that and your contract states they need to check with you for repairs over $200, I think it is time you talked to them. If they do it again, find another PM.
Dennis S. Gelbart
Developer from Chicago area
replied about 1 year ago
You should get an accounting from the pm. Hours spent plus cost of part
Long distance? Bad idea
Nadir M.
replied about 1 year ago
@Arlan Potter that $290 was seperate form the Pm fee...the PM fee is $102. Not sure what type of cartridge it was. Waiting for invoices to come through. pM should have sent them first thing I shouldn’t be asking for them
Matthew Paul
from Severna Park, Maryland
replied about 1 year ago
A property management company looks out for their own self interests first . They need to make a profit . And that money comes from their customers (you) .
Sarah Brown
Real Estate Agent from Nampa, ID
replied about 1 year ago
I would verify if there is an up charge, and also make sure you get a copy of an invoice. I have a PM company and I upload the invoice when I cut the check so the owner can also see it. A charge that high, and I am already communicating with them. Because he didn’t inform you of the charge as the contract states for repairs over $200, sounds like a breach of contract. Maybe time to sit down and have a chat with the PM.
Alan Grobmeier
Rental Property Investor from Phoenix, AZ
replied about 1 year ago
@Nadir M. , if you are ina major city, get a home warranty. The prices are around $450 a year, $50+ for callout fees and no PM up charge. ;-)
Nadir M.
replied about 1 year ago
I actually have a home warranty and they never came into play which they maybe should have. I’m in Omaha NE so def not a major city.
Nadir M.
replied about 1 year ago
Not sure exactly how to settle this. What would our talk be about?
Alan Grobmeier
Rental Property Investor from Phoenix, AZ
replied about 1 year ago
@Nadir M. , the PM is ripping you off they knew you have a home warranty. That should have been the first call. :-(
Nadir M.
replied about 1 year ago
@Alan Grobmeier I’m going to have a talk with them on Monday
Nadir M.
replied about 1 year ago
@Alan Grobmeier he did make it sound like it was an emergency :/
Alan Grobmeier
Rental Property Investor from Phoenix, AZ
replied about 1 year ago
@Nadir M. , if there is more than one bathroom/bathtub, it’s not an emergency. That’s an inconvenience. ;-)
Nadir M.
replied about 1 year ago
@Alan Grobmeier only one yes. Tenant I feel like wines a lot and the PM gives them what they want at my expense is how it sounds like
Nadir M.
replied about 1 year ago
@Nadir M. Whines*
Dylan Earl
from Thorold, Ontario
replied about 1 year ago
Few factors to consider too... is it tile? Surround insert? Did the PM have to break open tile to get to a potentially rusted out cartridge, replace and retile/re-drywall? I would hope the work wouldn't be that extensive, but you never know. If it's a simple replace then yes you got ripped.
4 hours at double minimum wage is my usual reference for starting point labour wise... add material and see where that brings you price wise.
Best of luck!
Nadir M.
replied about 1 year ago
@Dylan Earl I’m going to wait to see invoice and see what all this plumber did. It’s a single valve faucet so it only requires one cartridge I think...nothing about ripping drywall etc was mentioned either.
Sarah Brown
Real Estate Agent from Nampa, ID
replied about 1 year ago
1. Do you’re own research on expected cost. If it is considerably less normally, get details on why it was so much more and how the PM can work to keep costs down.
2. You said any repairs over $200 must be cleared by you according to your agreement. This was not, and I would not consider a dripping sink an emergency. Urgent, but no emergency. He hasn’t done this. This is a clear breach of contract. Do a review of the contract and expectations.
3. You said this isn’t the first time. Use the other instances as examples, and explain the repercussions of a breach of contract (what you are going to do if this continues to be an issue)
He may or may not realize what is the matter, but by having a conversation you then know he knows there are issues and it gives him opportunity to fix them