Do you own a 8-20 unit MF apartment out of state?

[Hardik Patel]

Hey Everyone!

It almost a given that having an on-site property manager for larger apartments (25+ units) will yield better ROI and is the right way to manage larger complexes. However, I see very little info here on how investors are managing their mid-size (8-20 units) multi-family apartments (especially ones that are out of state). Are the local property management companies often interested in dealing with these type of properties in B areas? Most of the forums I read about hiring property management companies are for SFRs, I need more insights on how to best plan for managing a mid-size MF from long distance. Looking forward to learning about it from your knowledge/experiences and how you manage them. TIA!

HP