Negotiate a lower maintenance fee #shorts #propertymanagement #airbnb #airbnbhostingtips

Name: Negotiate a lower maintenance fee #shorts #propertymanagement #airbnb #airbnbhostingtips
Uploaded: 2023-08-02T00:45:04+00:00
Duration: 48 s
Channel: Tim Hubbard
Description: Tim Hubbard (YouTube Shorts, Aug 2, 2023) gives practical advice on negotiating maintenance/coordination fees with property managers. He explains typical…

2 Aug 2023 · 1 min

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0:48

Tim Hubbard (YouTube Shorts, Aug 2, 2023) gives practical advice on negotiating maintenance/coordination fees with property managers. He explains typical fee structures (e.g., 10–20% surcharge for purchasing, coordinating delivery/installation, or outsourcing contractors) and recommends negotiating lower rates for high-ticket, one-time items (example: a $1,000 refrigerator) if the owner cannot shop personally.

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Next up we have a maintenance fee or some sort of coordination fee. And again, this can really range too. So I know some of the long term property managers I work with, they can charge anywhere from 10 to 20% to purchase items on my behalf, to coordinate them, to have them delivered to a property, to have them installed, or maybe there's a bathroom remodel and they don't have their own in house contractors and so they outsource it and then they charge 20% on top. So you can see this range. I would recommend that you try to to negotiate the higher ticket items with a lower rate. So maybe you need to buy $1,000 refrigerator, for example. If you don't have the time to actually shop that yourself, then I would try to negotiate some of those one time ticket items down just a little bit.