A Question for fellow property managers!

[Patrick Gleason]

Hi BP, 

Let me first start off by saying how helpful this site has been. Without its members I never would have gained the confidence to get in on the student rental niche. Thank you to all for participating in these forums, you are much appreciated!

Here is my current situation. I am 24 years old, and own 2 student rental properties as well as a construction firm that caters to the likes of Harvard University and Boston College. We do large projects as well as building maintenance. I recently have been asked if I wanted to place a bid in regards to managing a 35 unit condo complex in the Boston area. I have experience with managing small residential properties as well as managing the construction side of commercial buildings. The condo complex is searching for a property manager that will take care of all financials, meet with subcontractors, attend monthly meetings, walk the property once a month, and report to the building in emergencies. With that being said I do have some questions.

At $960/mo to complete these tasks, is it really worth it? Is there much more headaches I will have to deal with than I'm predicting?

What types of things can I bill for? Can I bill them for book keeping? Is a 4 hour minimum to show up for emergencies/ meeting with contractors unreasonable?

Being a contractor myself, is it illegal to keep up the properties myself? (small projects like paining or repair work,  we aren't talking capital projects)

How will I write up a contract and what types of things should I include?

Thank you all for your help and knowledge, 

Patrick