Their way or the highway
Property management firms are known for strictly only using their management agreements. For good reasons since firms manage hundreds of units it helps to keep everybody on similar terms.
Burbz Take: Management agreements should always be used. We prefer co-management agreements not to be evil but instead, well, fair.
Year of commitment
Burbz Take: Co-Management is month-to-month agreements.
Evil termination fees
Burbz Take: Co-Management has a one-month notice and a one-month termination fee. If you aren’t happy with your co-manager, you should be able to find a better co-manager.
Surprise sales commission?!
Did you know when the rental property is sold the property management firm earns a sales commission? Even if they were not involved in the sale!
Landlords have had to pay two sales commissions because of this evil evil evil clause.
Burbz Take: Co-Management has no sales commission clause. Any such commission would need to be handled in a separate sales agreement off Burbz. Co-Managers can also be real estate agents as well, but this agreement is not included.
Suspiciously silent maintenance maximums
Burbz Take: Our platform allows landlords to receive alerts and notifications simultaneously as co-managers. Keeping the landlord informed and allowing landlords to be involved as needed or desired.
Disguised maintenance invoices
Some management firms only provide a repair invoice on the management firm’s invoice. Preventing the landlord from seeing the actual repair cost.
Burbz Take: Co-Management transparency allows the landlords to see everything. Everything. Don’t overpay for repairs. Especially when they are minor. Landlords can directly pay contractor/repair bills, or reimburse their co-managers.
Interested in getting co-management proposals?
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Start today by filling out our Request For Proposal form. Describe the services you seek assistance with. The first step to managing differently and in control.