Do you negotiate price for repairs with vendors?
Absolutely, yes! Negotiations are better with property management company. Just like in real estate transaction where Buyer needs a Broker to negotiate the best deal on purchasing or selling, real estate investor may need a property manager to make sure that the best rates will be provided for the property repairs. It may include savings on labor, material, and time. Consider the case when investor just purchased a distressed property. Often, to sell or rent the property, the repairs are needed. Obviously, property maintenance is costly. To safe money and headache, it is recommended to seek for property management Kissimmee FL and maintenance provider. Normally, experienced property manager has established team of subcontractors. Among them are plumbers, electricians, flooring techs, painters, roofers, and general contractors. Because of the volume of work, property managers receive large discounts from contractors on repairs and from vendors on materials. For example, one can purchase an exterior paint for four bedrooms single family home sized less than 2000 sf. for more than $1300. However, the same paint, from the same Kissimmee store can be sold for as little as $500 to licensed property management company.