All Forum Posts by: Adanna Davis

I am always looking for deals in Virginia to submit to syndicators, great post!

I find deals all of the time in the state of VA and I am currently working with an investor who is interested in a deal that I presented to him. Since I found the deal, but is not putting up any cash however, works day and night to get all relevant information on the property, what do you think is a fair share of ownership percentage and how would you structure the partnership?

I have an attorney, to make sure my best interest is there but I am willing to forfeit large profits/percentages because this is my first deal on a property this size and learning the process is way more valuable to me than the cash.

Again thanks guys, yes will interview more once my investor comes into town.  Great info guys!

Thanks everyone, will interview more Property Management Companies so having this information is extremely helpful.

Thanks Ben!

Thanks Jonathan!

I wondered that because they kept saying that it was negotiable but when they jumped from 4% to 6% I wondered "well what is a typical rate."  Very helpful info Jonathan!

Multifamily Real Estate Investors, 

What is the typical percentage that Property Management Companies receives for managing a large multifamily complex (100 units or more).  I interviewed a management company and they initially told me 4% (in addition to paying for the site manager and maintenance salary).  After explaining the low occupancy rate and the renovations needed for the complex and possible phasing of work, they responded that it may be 6% instead of the 4%.  What is a typical or average % that they will charge for a complex this size?

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