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Updated about 8 years ago,
18 Unit Multi Family- Need Property Management - Altus, Oklahoma!
Hello BP folks,
I'm an out-of-state (Buy and Hold) investor that is currently under contract to purchase an 18 Unit apartment complex in Altus, Oklahoma. 16 out of the 18 are currently leased up. Unit mix of (10) 2/1 and (8)1/1. We are scheduled to close on 12/20/2016. In search for a property manager/property management company that is set up to handle something like this. Initially, I didn't believe it would be too difficult to find someone in the area, however, I've have called everyone I can find in Altus, OK that says they manage properties. Most other complexes in the area are larger (40-100+ units) are using in-house management or using Lynd (large corporate PM), however, they'd rather not take on a "smaller count" apartment complex.
We're currently in DD period and, at this point, our closing may be contingent upon finding a management company that is capable. Surprisingly, I've found VERY few.
If anyone has any referrals or suggestions, it would be greatly appreciated!
Thank you, Cody
Keywords: Lawton, Oklahoma, Altus, Multi Family, Apartments, PM, Property Management, Manager