Updated over 5 years ago on . Most recent reply
Property Manager Charges 10% markup for all service calls
My property manager charges 10% markup fee for all service calls. So a $250 plumbing call turns into a $275 call. Does that sound crazy or normal? I already pay them a management fee, you'd think that would be included in that but maybe I'm wrong? I pay 7% management fee or $55 a door whichever is higher so my lower income/rental properties are actually at around 10-11% management fee. I would love to know your thoughts.
Most Popular Reply
It helps the property manager safeguard themself against an owner who did a bad brrr to save money then think they should have the property manager basically be a gc for the 20% of work done wrong. A pm should not be spending days a month at your place for only 55 per month. So 10% is a fair rate as it can act as a gc fee as well.