[dd36]

You have to look at it like a retainer charge. Most of the time, what they do is minimal but when something happens, they will give your property a ton of time. I think property managers are chronically underpaid because the barrier to entry is so low. The best run firms I've seen are one or two people that charge a premium but cap themselves at say 150 units. Then you get their full attention and care all the time. The hard part is they're never taking on new clients because they're never losing old clients.

It's a lot like good CPAs, good lawyers, or good family practice physicians.