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For example, to replace the dishwasher in your rental property, your management had to engage a
plumber. The total cost of performing the job is $400. If your property manager contract stipulates
that all maintenance work would be subject to a 10% markup, the total cost to you will be $440. It's
just another thing to be mindful of, as all of these things eat into your revenues. Click here for info Merced Property Management Company
The dreaded "three months without a tenant" scenario. Your property manager claims that he or
she is working tirelessly to locate you a tenant. But it's been three months and you still haven't
found a tenant; what do you do now? Examine your Manager/Owner contract, as this may be the
decisive factor. I am not a fan of this price; I believe it is excessive, and for you managers out there, it
may be the deciding factor.
I'll explain why: if a property management does their homework and keeps the owners informed
about decision-making, market conditions, and communication lines open, the owner will have no
reason to doubt his property manager's ability. Although the chances of this scenario occurring are
slim, you must be prepared. The cost of cancelling a reservation might range from nothing to over
$500. To be fair, some property managers are entitled to this fee, especially if they have recouped
advertising expenditures, put in a lot of legwork, and invested a lot of time in your home.
Fee for Preventive Maintenance." This was to handle the "just in case" scenario as well as the
replacement of A/C filters. They keep the money even if "just in case" never happens. I believe it was
$20 per month, but I was still charged for filters. Read your Manager/Owner contract carefully, make
sure you understand what you're signing, ask lots of questions, and be aware of the services that the
fees will provide.
