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Multi-Family and Apartment Investing

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Blair G.
  • Investor
  • Jacksonville Beach, FL
18
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80
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What should property mgt cost on a 32 unit/annually

Blair G.
  • Investor
  • Jacksonville Beach, FL
Posted Sep 28 2016, 17:36

BPers,

I am analyzing my first apartment deal and find the PM costs suspect.  The sellers claim 6k a year for 32 units that bring 240k in rents.  Can this be true?

Does $620/door sound adequate for a 1.2mil asking price?

If water wasn't separated by unit how great a detractor is this?  Could I average the bill and charge each unit a equal share?

Property is located in NE florida.

Sorry for these rookie questions as I am just getting started considering apartments.

Blair G

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