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I've got a question about property management companies, if anyone has experience with those. When, say, a government organization tells a rental property's management company that X needs to be fixed, what is the process like? Can the property management company go ahead and do it, do they need to get permission from the owner, do they have a certain amount that the owner lets them spend on repairs without needing approval, or something else? A run down of how property management services run would be great, if someone doesn't mind. The way I loosely understand it, they get the rent and maybe repairs come out of that and they pocket what's left over? Gringo Heisenberg fucked around with this message at 10:20 on Jun 2, 2013 |
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Jun 2, 2013 10:09
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DNova posted:If the property manager kept all the rent, then how does the owner make any money or pay his bills? Sorry, I didn't phrase it right. I had assumed they got rent and used it to take care of all the expenses and pocketed the rest, the owner getting the value of the house when they sell. I just assumed it was that way because of all the run down poo poo holes I see that are run by property managers. But percentage makes a lot more sense. Thanks.
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Jun 2, 2013 19:49
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^ I actually agree with you, but have you tried looking to see where the mice are accessing the house from? Maybe there's a hole in a wall or something, could help.
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Jun 6, 2013 06:31
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