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 followI've read management agreements on five apartment deals in the last two years as a passive investor, and the base fee is almost never the interesting part. Everybody's at 2.5% to…
I've got signed agreements on three small apartment buildings, 22, 34 and 41 units, all in the same submarket about twelve minutes apart. Fees come to roughly $9,100 a month at 6%…
I own land and I'm looking at a first apartment position with two partners, so I'm reading operating models from scratch and I keep hitting this fork. The centralized version: one…
Been reading operating statements for a 190-unit 2018 build I may take a small position in, and the renewal policy is where I keep getting stuck. Current in-place average is $1,58…
Someone I know is buying into a 60-unit building and asked me whether it needs on-site staff. I said probably, then spent the drive home realizing I couldn't defend it. So, plainl…
Sat in on a budget call for a 224-unit mid-90s garden community last week, third-party managed, fee is 3.5% of collected revenue. The manager brought a proposal for leak sensors a…