525: Why Owners Decide To Manage In-House

50% of multifamily property management fees are generated through maintenance work. Property management firms markup maintenance as high as 50%, and don’t provide clients itemized expenses. Some companies even charge vacancy fees. They make money on revenue, not on reducing expenses. Brian Levredge, President of Pinnacle Asset Management, manages his own properties in Chattanooga and surrounding areas. Rents in these markets have not experienced the declines of other Southeastern markets. Brian also manages properties for other owners with full transparency and straight-forward fee structures.