Updated almost 6 years ago on . Most recent reply
Getting nickel and dimed to death by PM?
I've started several Property Manager/Management-centric discussions on here.
After physically meeting some local BPers here in Indianapolis, and throwing this idea around, it seemed to stick more than I reckoned it might.
If you're reading this, the title must somehow relate to an all too real experience, especially with OOS folks.
If you already have 10% set aside for PM fee, and another 10% for maintenance, would you think it worth it to go ahead and pay a PM 20% fee, knowing any service call, maintenance line item, etc under $250 (could be tiered) would be included in that PMs service fee? No cap?
Obviously if we have a furnace, septic, etc that needs overhauled, that isn't what I'm talking about here.
What are your thoughts as an investor who relies on Property Management expertise?
Thoughts?