Multifamily - How many units do you need in order for a full time on-site manager to make sense financially?
And as a follow-up question, how many units can one on-site manager effectively deal with?
And as a follow-up question, how many units can one on-site manager effectively deal with?
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in an area with average rents you can make it work at
I worked at a huge institutional PM and the standard was 1 leasing + 1 maintenance person for every 100 units.
However, I've met a lot of GPs who say >60 means onsite management. It really depends on the asset class too.
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