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

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.




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Comment balloon 4 commentsWallace S. Gibson, CPM • May 25 2016 02:20PM


A $$$$ incentive never hurts...and as you illustrated..Helps !

Posted by Sally K. & David L. Hanson, WI Realtors - Luxury - Divorce (EXP Realty 414-525-0563) over 3 years ago

Hello Wallace ...

Interesting post and featured to the group:


Posted by Robert Vegas Bob Swetz, Las Vegas Henderson Homes for Sale (Realty ONE Group) over 3 years ago

Some people are cheap , some don't respect others time , while yet others are Micro Mngrs ..

Posted by Michael J. Perry, Lancaster, PA Relo Specialist (KW Elite ) over 2 years ago

Most "rental agents" I know are actually more expensive...they load their fees onto the owner and not the tenant.  They use a generic or trade association lease rather than tailoring a lease so that the tenant pays for much of the late fees, nsf fees, notice fees, % of repair/cleaning not done that is taken from the security deposit, lease re-write fee, etc.....

Posted by Wallace S. Gibson, CPM, LandlordWhisperer (Gibson Management Group, Ltd.) over 2 years ago

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