Property Management
In Texas, a property manager who self-contracts repair work for a managed property is:
AEncouraged as it saves the owner money
BRequired to disclose any financial interest in the contractor and obtain owner approval to avoid a conflict of interest✓ Correct
CPermitted without disclosure since property management includes oversight of repairs
DProhibited under any circumstances
Explanation
If a property manager has a financial interest in a contractor (ownership, family relationship, referral fee), they must disclose this to the property owner and obtain approval before directing business to that contractor. This prevents undisclosed conflicts of interest.
Related Texas Property Management Questions
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