Which Of The Following Is True Regarding Property Management Agreements
Other property management contracts are still silent on the possible sale. The implicit assumption in these cases is that since the property manager has performed well, knows your unit, and knows the sales market for your unit, you`ll likely ask them to put your unit up for sale. Repairs are often contested between property owners and property managers. Make sure your agreement explicitly states how repairs and maintenance are managed and paid for. The basic fees of most property managers cover the management of maintenance and repairs. They outsource these tasks to contractors and should charge you for the actual costs with no extra or extra costs. Steven Moretti, owner of Moretti Management Group in Potomac, Maryland, said investors should pay attention to companies that are trying to do more new business than they can reliably handle. .