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Updated almost 3 years ago,

Eric Berkner's profile image
Eric Berkner's profile image
Eric Berkner
  • Member since Feb 24, 2021
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Eric Berkner's profile image
Eric Berkner's profile image
Eric Berkner
  • Member since Feb 24, 2021
Connect
Eric Berkner
4
Votes |
24
Posts
Multi-Family and Apartment Investing

What size of multi do you need an ON SITE MANAGER?

Eric Berkner
Posted

I am underwriting several deals that are 72, 74, and 84 units. I'm assuming these all need on site managers? The existing T12 shows 24,000$ for a "property manager" however that seems too low for an on site manager. My question is, should I be underwriting a higher budget for the property manager, more like 50-60,000/year?

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