PropertyManagementMaven: May 2016

Rental Agent v Property Manager, Yes! Virginia there is a DIFFERENCE

I have clients of almost a decade who have decided to sell their townhouse - fortunately, they got a purchase contract the weekend AFTER my residents of 5 years vacated the home.

 

Prior to this, I agreed with sales agents (my referral) that I would have certain walls at the property painted with the owner funds on hand.   EVERYBODY has been copied on my e-mails about this issue.

 

One of the co-owners wanted to know why I was not getting 3 bids for this $1300 work......her e-mail indicated she had never heard of a rental agent not providing bids.

 

OK....I am a PROPERTY MANAGER with an employment contract.  I am authorized to have work performed up to a certain amount and NOWHERE is it required that I get 3 bids.

 

The 3-Bid Rule applies to HOMEOWNERS who want to know how to solve a problem so they get 3 repairman to come to their home and advise them on the scope of repair work that is needed...this is often an EDUCATIONAL process for the homeowner.

 

I - on the other hand * as a property manager with over 50 years of experience - have the resources, knowledge and know the time constraints involved with getting the townhouse painted without spending multiple hours at the property talking to painters. 

 

I pulled my painting contractor from another job, went over the scope of the work at the property, gave him the $$$ allowance AND told him he had 3 days....VOILA!  Wednesday afternoon, the painting is done, the carpets are being cleaned tomorrow and home inspection being done on June 1st....

 

....all due to the efforts of a lowly property manager.

 

 Wallace S. Gibson, CPM * GIBSON MANAGEMENT GROUP, Ltd.

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Comment balloon 4 commentsWallace S. Gibson, CPM • May 25 2016 02:20PM
Rental Agent v Property Manager, Yes! Virginia there is a DIFFERENCE
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I have clients of almost a decade who have decided to sell their townhouse - fortunately, they got a purchase contract the weekend AFTER my residents of 5 years vacated the home. Prior to this, I agreed with sales agents (my referral) that I would… more