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Updated almost 5 years ago on . Most recent reply

User Stats

190
Posts
224
Votes
Allen Tracy
  • Chatsworth, CA
224
Votes |
190
Posts

Property Manager Charges 10% markup for all service calls

Allen Tracy
  • Chatsworth, CA
Posted

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

User Stats

514
Posts
378
Votes
Tim Jacob
  • Real Estate Agent
  • Baltimore, MD
378
Votes |
514
Posts
Tim Jacob
  • Real Estate Agent
  • Baltimore, MD
Replied

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.

  • Tim Jacob
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