Property Management on mid-size multi-family
I am looking at a 42 unit apartment complex. I have purchased many smaller multi-family properties in the past between 3-5 units, but nothing near this size for which I have outside management. Outside management will typically collect the rent and disburse it to me between the 10th and 15th of the month. I plan on using outside management for this as well. Would outside property management work the same for an apartment complex of this size as well or would we open up a bank account that we both have access to? Any other advice you have regarding the logistics of managing a property of this size would be very helpful.