Do you use a property manager for commercial?

Discussion in 'Commercial Property' started by Ryan23, 16th Feb, 2020.

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  1. Beano

    Beano Well-Known Member

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    Based on the last two reviews (7 and 8yr) the meaty work is done by valuers.
    For small rentals small group I am budgeting almost zero management but $20k valuers cost .
    For the $1m plus rental I am budgeting $250k valuers/experts cost (arbitration)..still only 2% of rental
     
    Last edited: 21st Feb, 2020
    Beano, 21st Feb, 2020
    #21
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    Gotta love the arbitration clause where you can't get 2 valuers to agree (or come close), then need to call in the luncheon crowd ooops lawyers, expert witnesses etc to resolve the deadlock. :rolleyes:
     
    Scott No Mates, 21st Feb, 2020
    #22
  3. Beano

    Beano Well-Known Member

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    Yeah expect the worse ($$$ cost ) .
    The largest cost I have seen is $200k
     
    Beano, 21st Feb, 2020
    #23
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