This week’s question comes from Bryan) on the Real Estate Rookie Facebook Group. **Bryan **is asking: ** How do PM (property management) companies handle maintenance? **Do they fix the issue and submit invoices to the owner or withhold the amount from monthly payments to the owner?
This is a great question for those who want to **transition from self-management **)**to hiring **property managers). Both Ashley and Tony have the same type of payment setup with their property managers, but it can vary company to company.
Here are some answers/suggestions:
Both Ashley and Tony have a maintenance threshold for small repairs
Anything** over the threshold needs to be approved**
One the job is done, the **cost is deducted from the rent **
You can always go with a PM’s repair/remodel bid, but it may save you money to hire an** outside contractor**)** you know and trust**
Try and get PM companies with software, so you can see the exact invoice online
And more in the episode…
If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group)! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).
Check the full show notes here: https://www.biggerpockets.com/rookie80
Learn more about your ad choices. Visit megaphone.fm/adchoices)
