Property-management contract

Definition

A standing agreement to handle a property portfolio's repair calls on set rates.

Why It Matters

Property-management work is the handyman trade's version of a contracted book: standing rates, work orders arriving without marketing, and revenue that survives the seller's exit. Roundups covering the trade treat PM share as the strongest multiple lever a book can show, because it converts one-off labor into schedulable volume. Count the portfolios, read the rate sheets, and check how many arrive through one manager who could leave.