Multifamily property management means operating apartment communities, buildings of many units, on behalf of owners, handling leasing, resident services, maintenance, staffing, and financial reporting at scale.
Log in to follow620 units across three properties in the same submarket, all garden style, built late 90s. Insurance renewal quoted 24% over expiring. Submarket rent growth is running about 1.9%…
I've been asking managers what they pay for software and getting numbers between $2 a unit and $12 a unit with no explanation of what's in either one. One of them told me the AI l…
I've been talking to an owner group about taking over a 180-unit garden community and their draft term sheet says 3.5% of gross collected revenue plus a leasing incentive. I assum…
A broker I know told me flatly that managing apartments for a fee requires a real estate broker license. Then I toured a 120-unit community and the on-site manager said she's neve…