Updated 6 days ago on . Most recent reply
What are your default Authorization limits in Midwest?
Hi,
Beginner remote landlord here -- I am having a Property Manager manage my 2 units while I'm away. For Maintenance (which include Life‑safety emergencies, Habitability, Routine maintenance and Cosmetic/deferrable) what amounts do you set when the owner must approve?
Most Popular Reply
#3 1031 Exchanges Contributor
- Investor
- Las Vegas, NV
Life/safety obviously should have no limit. If there’s a gas leak and it’s going to cost $2,000 to fix before it explodes do you want it fixed?
For general repairs/maintenance I use $250. Unfortunately that means a lot of repairs are $250. But hopefully just as many that would have been $225 could have been $275. But the vendors know they can fix it while they are there if it’s under $250.
You need it low enough so they don’t toss $500 at a 10 year old appliance you could have replaced for $600.