Updated almost 2 years ago on . Most recent reply
Knowing if an estimate from your PM is reasonable
Howdy, I'm new to having my property managed by a Property Manager, and there's quite a bit that I still didn't learn before hiring a PM.
My PM will come to me with estimates for repairs and work that seem awfully high for the relative amount of work needed. How do you check/verify if what your PM is bringing to you is reasonable?
An example is this quote for repairing a relatively small amount of damage after my property was broken into. Thoughts?
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- Real Estate Broker
- Cody, WY
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Carlos is close. Installation of a new exterior door will run $500 or more, depending on the type of door.
On the other hand, the repair they describe is not cheap because it will involve a lot of time. It doesn't take long to cut out the broken pieces and splice in new material, but fixing dents, sanding, and painting will take time and possibly multiple trips. That's why it's costing so much.
It's expensive to repair this damage back to its original condition. I would prefer to install a new door.
- Nathan Gesner
