Hi All,
I'm currently going through my very first PM agreement and have a few questions.
How much shuld i authorise the agent to spend on repairs before they need to call me to approve? The agent has placed $1000 on the paperwowrk however I think $500 should be enough.
Should I manange all the bills rather than have the agent pay them EOM?
Is it only the water supply I need to change into my name as the landlord?
I was thinking that it would be better to have all bills be sent to me ie invoiced from the agent if I need to pay any fee's rather than them keeping my money in trust then deducting?
Your thought would be appreciated.
Cheers
I'm currently going through my very first PM agreement and have a few questions.
How much shuld i authorise the agent to spend on repairs before they need to call me to approve? The agent has placed $1000 on the paperwowrk however I think $500 should be enough.
Should I manange all the bills rather than have the agent pay them EOM?
Is it only the water supply I need to change into my name as the landlord?
I was thinking that it would be better to have all bills be sent to me ie invoiced from the agent if I need to pay any fee's rather than them keeping my money in trust then deducting?
Your thought would be appreciated.
Cheers