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Multi-Family and Apartment Investing

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Aaron W.
  • Rental Property Investor
  • Northern Virginia
620
Votes |
793
Posts

Property Management for 74 unit property

Aaron W.
  • Rental Property Investor
  • Northern Virginia
Posted Mar 6 2021, 03:57

Hello all,

We are working on acquiring a 74 unit property at this time and am curious on how your property management is set up. A couple quotes we've received are PM fees of 5% and 6%, respectively, for off-site management.  I feel like the unit count for this doesn't quite require on-site management. What about maintenance staff? Should we have someone on the books for this?

I'm curious on your thoughts from those more experienced than I. 

Thank you in advance for your insight!

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