How much should property managers spend on maintenance?
All rental properties require some form of maintenance on an on-going basis and property managers will usually include a clause in the property management agreement allowing them to spend monies at their discretion. This is to allow for emergencies requiring urgent work where the landlord can’t be contacted.
For general maintenance, Allen Realty property managers work with the owner from the outset to establish maintenance protocols. Clients can either choose to be contacted immediately for all maintenance issues, or have a pre-set spending limit whereby the owner is contacted if the cost is likely to exceed the agreed amount.
For these maintenance protocols to function successfully a property manager with effective communication skills is required.
Click here to read more on property maintenance protocols
July 18 2012 11:49 am | Property Management and Property Management Law
