A lot of property owners don't realize their management company is marking up every single repair. A $200 plumbing call becomes $240. A $3,000 roof repair becomes $3,600. Over the course of a year, across multiple properties, that adds up fast.
We have never done that. When a contractor sends us an invoice, that is exactly what the owner pays. Not a dollar more.
The reason is simple. We believe our management fee should cover our management services. We should not be making money off your maintenance problems. If a pipe breaks, the last thing you need is your property manager padding the bill.
We are able to keep this model because we run a lean operation. We are hands on with every property, we keep our overhead low, and we have built relationships with contractors over 40 years. Those contractors give us fair prices because they know we bring them steady work and we pay on time.
For owners, this means a better return on investment. Lower repair costs mean more money in your pocket. And it means you can trust that when we recommend a repair, it is because the property needs it, not because we want to pad our revenue.
If you are working with a property manager right now, ask them to show you the contractor invoices next to what you were billed. If the numbers don't match, give us a call.