Repairs Up to a Limited Dollar Amount

Most management contracts allow the property manager, without prior owner approval, to make repairs up to a limited dollar amount. The limit ranges from as low as $50 to as high as $400. Over $400 a bid is usually required and owner approval mandated. Multiple bids in the busy Denver market are difficult to obtain. Most property managers have vendors they know will provide competitive prices and reliable work. It is reasonable to deal with a single bidder when the property manager knows the firm and the other potential vendors are an unknown quantity.

Peter Meer is President/Broker of Meer & Company, Inc., 303-322-1550, which manages 150 single family homes and properties in Denver, Colorado. He holds the Master Property Manager (MPM) designation and the firm holds the Certified Residential Management Company (CRMC) designation from the National Association of Residential Property Managers (NARPM). To learn more about Peter's Landlord solutions visit Meer and Company website at www.meerandco.com.