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Maintenance and Repairs Commission

Maintenance and Repairs Commission

Todd Ortscheid of GTLRealEstate talks about why an additional commission is charged on maintenance and repairs over and above the standard monthly management fee. We manage a broad range of properties, and maintenance and repairs are a huge source of our expenses. We...
Zillow Rent Estimates

Zillow Rent Estimates

When we talk to prospective clients, and sometimes even current clients at lease renewal time, we sometimes gets questions about rent estimates that the person has seen online, usually on a web site such as Zillow. While these estimates are certainly interesting for...
Who pays the sales commission?

Who pays the sales commission?

Just about every brokerage includes a clause in their property management agreement that deals with a situation where the owner sells the property to the tenant. While this happens only rarely, owners are usually interested in how this would work, and it’s a...