Hi Rentex rep-
Thanks for that--those are valuable considerations. The issue of "making work for oneself" is something I hadn't really thought of before.
And yes, efficiency is worth considering as well!
New to the game and I need to set an hourly rate for my 'handyman' or other 'me-only' (i.e. not contracted out) work.
I am tempted to ask $40/hr, but that feels pretty steep. I am not dealing with tenants, just taking care of a 2nd home (though I don't know if thats really relevant...its my time, regardless of how its being spent).
So, for "hourly work" (i.e. replacing an air filter, changing the locks, other easy handyman stuff), how much do you charge?
This is an embarrassingly basic question, but I was on the phone with the Oregon Real Estate Association and while discussing client trust accounts, they claimed that "vacation homes are purely contractual", and they are "not under their jurisdiction". They said no license was needed to manage homes such as this. The OREA representative that I spoke with was clearly hurried (and, to be honest, not in a terribly helpful 'mood'), so I want to get a second opinion. Of course, this might all be moot, because I just obtained a property management license (mainly to take care of this home!).
The owner lives overseas and comes back 2 times a year. It is never occupied by renters. My job is basically to keep the house in shape and prepare it for their arrival.
Thanks for any advice.
I'm newly licensed and have 1 client (a neighbor) that I'm currently on-boarding. The home will be empty 10 months a year, and I'm really just keeping it from hurting itself :)
I'd like to ask if there is some place I can look to find property management forms, such as a property management agreement. I'd also like to find reconciliation forms, and there are probably many others that will eventually be needed.
Finally, even though this will be a very simple property to manage (i.e. no tenants), I'd still like to look into getting some software to make sure I'm in compliance and keeping detailed records (I'm in Oregon, by the way). Perhaps simply an Excel/Google Sheet is enough?