That said, don’t underestimate the power of building relationships before you pitch a deal.

A manager will roughly cost $100-$150 a month to take over a unit (it could be more or less in your market) and manage the units.

Can she pay you that same amount to cover some of the costs? 

This approach ensures realistic pricing and helps avoid unexpected costs later.Good luck!  

What I like about multifamily is the splitting of costs.

I was wondering will the insurance cover the cost or no because no police report?

You might want to partner up with a friend or family member to mitigate the costs.

And then a client's new build in the suburbs of Denver that cost $800,000 and should get around $85-$90k, so 10.5-11%. 

Type Line Item Fee Fixed Fee Collected Rents 10% of All Collected Rents New Tenant Search & Onboarding $600 Variable Fees Business Hour Service Calls $90/hour + Materials Cost + Tax After Hour Service Calls $120/hour + Materials Cost + Tax 3rd Party Coordination HVAC Cleaning & InspectionGutter CleaningSpring/Fall Exterior CleanupSeasonal Mowing & Weed TrimmingSeasonal Snow PlowingGeneral Contractor Negotiated Vendor Cost + 10% Oversight Fee  

@Caleb Christopher @Beth JohnsonTypically how much does that cost?