25 Mar, 2020
If you shop for property management services, you may get the impression that property managers will not give straight, honest answers when asked about their fees. Why is that? Like all businesses, the property manager wants to sell his services at a price where he can cover all of his expenses and still make a profit on his investment. If he was selling bananas, he could figure out his costs, and add a reasonable profit to come up with his desired net income. Then he would divide this desired sum by the number of bananas he plans to sell to get his unit price. When a customer asks how much are his bananas, he can just quote this unit price and the customer is satisfied that he got a straight, honest answer. Why can’t property managers be as straight forward?