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Updated over 4 years ago,
Property Management Fees
After investing in duplexes and triplexes, I'm moving in 'apartment' building investments. I'm in contract on a 6 unit apartment building and received the actual expenses today. While comparing the expenses presented in the OM and the actual expenses, I realized the seller didn't include the property management fees in the OM. Is this typical?
I ask because I'm going to go back to the seller about some other expenses that were understated and want to know ahead of time if this was perhaps an oversight on their part or pretty typical.
Thanks!