Header Ad Module

Collapse

Announcement

Collapse
No announcement yet.

PM invoiced me for consultations with tradesmen and myself.

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • PM invoiced me for consultations with tradesmen and myself.

    I was staggered to receive an invoice for $250 from my PM for the time she spent consulting with tradesmen and a couple of meetings with me at the property. Apparently a few tradesmen came to assess the work required, but found it beyond their expertise and only one accepted the job.
    I have never been invoiced previously for this type of situation and I assumed that this would have been covered by the management fees I pay. I also feel that the PM should have at least itemised each consultation, along with the duration of each visit.
    I wonder if this is normal practice and, if so, I certainly won't mind paying the invoice.

  • #2
    What does the contract say?

    Comment


    • #3
      ^^^ (mamc)
      www.3888444.co.nz
      Facebook Page

      Comment


      • #4
        Artemis, I am not at home at the moment to check the contract. I have a new PM in the same agency I have had for a few years, but previous PMs did not charge me for their services. It just seems an excessive amount to pay. My neighbour works in this agency, so I had better sound her out about it. My query to the forum is just to gauge whether this is a normal practice. Thank you.

        Comment


        • #5
          Ive paid for a PMs time before in a TT situation and also in a case where a tenanted property was being renovated in that a fair amount of time was involved. Little things I hadnt even thought of things like Asbestos considerations, access of a shared driveway, a string of health & safety stuff.
          For the TT case we were billed for 2 hours @ $50 per hour. The hearing only went on for 15 minutes but with the amount prep and stuff + the professional presentation was easily good value compared to what other professional like a lawyer might charge. Im originally from California so to get a professional person who knew what the heck they were doing at only $50 an hour was great value. Might add in my experience NZ has some excellent Property Managers at budget rates.

          Comment


          • #6
            It's a tough one - if they're doing work on your behalf then they get paid - as their time is money just like anyone's however some PMs charge it as a percentage of the bill. I was being charged 15% + GST of the invoice amount. After a few years I balked at it and now I don't get charged at all.

            cheers,

            Donna
            SEARCH PropertyTalk, About PropertyTalk

            BusinessBlogs - the best business articles are found here

            Comment


            • #7
              Originally posted by arniew View Post
              I was staggered to receive an invoice for $250 from my PM for the time she spent consulting with tradesmen and a couple of meetings with me at the property. Apparently a few tradesmen came to assess the work required, but found it beyond their expertise and only one accepted the job.
              I have never been invoiced previously for this type of situation and I assumed that this would have been covered by the management fees I pay. I also feel that the PM should have at least itemised each consultation, along with the duration of each visit.
              I wonder if this is normal practice and, if so, I certainly won't mind paying the invoice.
              Whats stipulated in your management agreement with respect to facilitating maintenance?

              Its a mix bag with respect to which agencies put a fee on r & m....
              Fraser Wilkinson
              www.managemyrental.co.nz
              Wellington / Lower Hutt / Upper Hutt / Porirua

              Comment

              Working...
              X