Property Management Repairs

Let’s now talk about one of the largest “scams” that I will not say is right or wrong. I am on the fence about this, but I’d love to know other’s opinions. The topic is “Repairs”. We as landlords know that part of the property managers’ role can be extended to overseeing repairs. This can be a racket if you run the numbers correctly. The markups for something as simple as replacing a water heater can be astronomical. If you due your diligence and call general handymen you’ll know that exactly what you should be paying. Compare this to what you are being charged by your property management company. Should the management company be getting paid more under the table to do the job the monthly percentage fees should be covering? I dunno.. you be the judge…