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Updated over 5 years ago on . Most recent reply

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Kwame Koom-Dadzie
  • Investor
  • Humble, TX
22
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Vendor Upcharge by Property Manager

Kwame Koom-Dadzie
  • Investor
  • Humble, TX
Posted

I just had an awakening by my property manager.I had issue at property , property manager stated preferred vendor (they will not give vendor contact info out) came to assess and costs $2500. I called around to get second opinion, some how by chance called this same vendor , they sated he we cam to the property , but the quote was $2000. 

I'm not sure if this is a usual practice in your area for property managers to make extra buck by up charging costs of third party vendors   

Most Popular Reply

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John Underwood
#4 All Forums Contributor
  • Investor
  • Greer, SC
16,760
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John Underwood
#4 All Forums Contributor
  • Investor
  • Greer, SC
Replied

PMs really upset me. They are making money already for accepting rent. Then If they have to do something they want to gouge you  and charge more fees.

I'd fire them.

Make sure you know what your agreement is and don't just agree to everything in their contract.

This is a big reason I self manage.

  • John Underwood
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