I have clients of almost a decade who have decided to sell their townhouse - fortunately, they got a purchase contract the weekend AFTER my residents of 5 years vacated the home.
Prior to this, I agreed with sales agents (my referral) that I would have certain walls at the property painted with the owner funds on hand. EVERYBODY has been copied on my e-mails about this issue.
One of the co-owners wanted to know why I was not getting 3 bids for this $1300 work......her e-mail indicated she had never heard of a rental agent not providing bids.
OK....I am a PROPERTY MANAGER with an employment contract. I am authorized to have work performed up to a certain amount and NOWHERE is it required that I get 3 bids.
The 3-Bid Rule applies to HOMEOWNERS who want to know how to solve a problem so they get 3 repairman to come to their home and advise them on the scope of repair work that is needed...this is often an EDUCATIONAL process for the homeowner.
I - on the other hand * as a property manager with over 50 years of experience - have the resources, knowledge and know the time constraints involved with getting the townhouse painted without spending multiple hours at the property talking to painters.
I pulled my painting contractor from another job, went over the scope of the work at the property, gave him the $$$ allowance AND told him he had 3 days....VOILA! Wednesday afternoon, the painting is done, the carpets are being cleaned tomorrow and home inspection being done on June 1st....
....all due to the efforts of a lowly property manager.