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Updated over 3 years ago on . Most recent reply

Eric J Platter's profile image
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Eric J Platter
  • Accountant
  • from St. Louis, MO
  • Member since Jan 10, 2019
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Eric J Platter's profile image
Eric J Platter's profile image
Eric J Platter
  • Accountant
  • from St. Louis, MO
  • Member since Jan 10, 2019
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Eric J Platter
  • Accountant
  • St. Louis, MO
4
Votes |
17
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Multi-Family and Apartment Investing

Asset Management & Payroll for MF

Eric J Platter
  • Accountant
  • St. Louis, MO
Posted

When creating/reviewing a Pro Forma for a MF investment when they have both have Payroll and a Property Management Fee are they double dipping?  Should the PM Fee be less if you have onsite staff?  I know the rule-of-thumb is one person for every 50 tenants but how does that work when your Pro Forma has both? 

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Jeffrey Donis
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  • from Durham, NC
  • Member since Feb 8, 2020
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Jeffrey Donis
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  • from Durham, NC
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Jeffrey Donis
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  • Durham, NC
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Jeffrey Donis
  • Investor
  • Durham, NC
Replied

@Eric J Platter I agree with @Charles Seaman

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