FAQs
- What should the customer know about your pricing (e.g., discounts, fees)?
Yes, we charge 8% for single family and condo management and 10% for multifamily management of the rent collected. If the tenants do not pay there is no charge. Our repairs are billed time plus materials and we do not charge a trip charge. For Community Association Management we charge based on services required.
- What education and/or training do you have that relates to your work?
We are licensed Home Improvement Company, Licensed Real Estate Brokerage Company, and Licensed Community Association Mangers in CT. We continually take classes offered through our local real estate board to stay on top of trends and rule and regulations. We also hold several certificates for Lead Renovation, and other work associated with Real Estate Management. We have recently been accepted as CPM candidate with the IREM, and are on track to become a CPM over the next year. A CPM is one of the highest certificates awarded to property managers.
- How did you get started doing this type of work?
David Candelora started investing in real estate directly out of college in 2003. His father has been an investor since the 70s. As David's personal portfolio began to grow he started to hire employees to help with the workload. David and his business partner, Ben Eastman, began interviewing property managers to outsource management as it became too cumbersome to manage and continue to invest. After an extensive search, Ben and Dave decided it best to keep our management in house and in July of 2009 Prime Management, LLC was formed. Today our investments are a small portion of our management portfolio.