relationship of number of units to onsite staff

[Account Closed]

hey guys and gals,

i posted a week or 2 ago about a deal i was pursuing...after analyzing and reanalyzing, and re-reanalyzing i cancelled my contract bc the numbers weren't going to work for some time and i didnt have the cash to float the deal long enough if things took too long unfortunately...on the positive side, if anyone is interested in a heck of a seller financed deal in the carolinas on an 87 unit, pm me and i'll let you know how the negotiations went, and give you the info provided i had the seller's permission...now on to my question:...

i'm continuing to look for a larger multifamily and i'm wondering if there are any general "rules" to go by for onsite staff...for instance, every 50 units equals one onsite property manager??? one maintenence man for every 75 units...these are all guesses..for those of yall with experience with larger multfamilies, what have you seen or done, and how has it played out? some 100 units pay a full time groundskeeper on salary, where it looks like it'd be a lot cheaper to contract that service out as well...anyone have any feedback? thanks!

also, forgot to mention that i see many complexes are paying a property manager around 2k a month salary plus benefits, etc. but then they also pay the property management company that the manager works for another thousand or so a month (i can only assume for the management company letting the owners use their employee full time)..but if the manager is an employee of the management company, why do they all pay the payroll taxes, benefits etc. also, that 1,000 a month eats up 12k a year...is there a better solution?? perhaps creating a 2nd company where you hire your own staff and avoid the pm company fees and extortion??