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Updated about 4 years ago on . Most recent reply

User Stats

16
Posts
6
Votes
Steve Spencer
  • Investor
  • Berea, KY
6
Votes |
16
Posts

What are my expectations of Property Manager?

Steve Spencer
  • Investor
  • Berea, KY
Posted

Over the past 12 months I've built my portfolio from 6 doors to 30 with my most recent acquisition being a 12 unit building.  I am now to the point where I need assistance and researching my options of just hiring a PT maintenance person or hiring a Property Manager to oversee it all.  If I hire a PM, what are my expectations?  What is the general role of the Property Manager or does anyone have a "job description" they could share.  What kind of contract should I have with the PM?  In my area I have researched and noted 10% is typical but what all should I receive for that 10%.  Thanks for all of your feedback

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