Management Agree. Repairs (by Justin [AZ]) Mar 21, 2008 11:38 AM
Management Agree. Repairs (by Wallace CPM [VA]) Mar 21, 2008 12:10 PM
Management Agree. Repairs (by Gulf [FL]) Mar 21, 2008 5:09 PM
Management Agree. Repairs (by Sean [CA]) Mar 21, 2008 5:35 PM
Management Agree. Repairs (by Justin [AZ]) Mar 22, 2008 12:14 PM
Management Agree. Repairs (by Justin [AZ]) Posted on: Mar 21, 2008 11:38 AM Message:
I know a lot of larger property management companies own maintenance companies to make repairs for homes that they manage. The management companies do disclose that they have interest or are making money from such repairs in their manaqement agreements. I have started a small maintenance company that allows me to have a little bit more control over repairs, time of completion, and cost. How would I disclose to my owner's in my management agreements that I do own the company and have interest in the maintenance company and will be making money off of the repairs? Thank you. --71.223.x.xxx |
Management Agree. Repairs (by Wallace CPM [VA]) Posted on: Mar 21, 2008 12:10 PM Message:
You should disclosure it in your prospective owner marketing information. I'm not sure it would be required to be in the actual management agreement. --207.200.xxx.xx |
Management Agree. Repairs (by Gulf [FL]) Posted on: Mar 21, 2008 5:09 PM Message:
Use your Repair Co. to your benefit. No need to disclose that you "will be making money off of the repairs" - disclose the Co. name you'll be using for the majority of the repair needs and how that will BENEFIT the clients (rapid response, on site supervision, stringent labor/material controls etc). --72.184.xxx.xx |
Management Agree. Repairs (by Sean [CA]) Posted on: Mar 21, 2008 5:35 PM Message:
I agree with Gulf.
I have about 50 units with a fee based property management firm. They have a couple contractors they work with, and they add 20% to the bill.. Everyone knows it.
We work TOGETHER.. They will call and sayy "this is a tenant charge back, should I send my guys?".. They know that if WE are paying, OUR guys will be doing the work.
Sean --76.105.xx.xx |
Management Agree. Repairs (by Justin [AZ]) Posted on: Mar 22, 2008 12:14 PM Message:
What should the verbage be in the management agreement. How do you have it stated in your management agreement? Thank you. --72.204.xxx.xxx |
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