Multifamily Management in Sacramento, CA

[William Yeh]

Hey BP,

My group has a 43-unit multifamily property under contract now in Carmichael, CA, a suburb of Sacramento, and I'm wondering what any of you out there with a similar sized unit has done in terms of management of such an asset. What percent of gross rents does your management cost you?

I'm looking at approx 10% in this scenario which of course could be overstated for tax purposes so I need a true cost benchmark to compare it against.

Subject property is a 1970's build in a solid blue collar neighborhood with <5% vacancy and it looks like it's well taken care of.

Thanks for your thoughts.