@Kevin PhuWe have a handful of attached garages on our complexes.

This is my first post and I’m looking to acquire a 16 unit apartment complex in El Reno, Oklahoma.I‘m located in Seattle, WA so I‘ll need a very reputable and trust worthy professional property management firm.Any ideas on fees, I‘m thinking 7-8% of gross rents?

It’s complex but will be the right way to do it, to avoid taxes on any accidental distributions.

There’s maybe a total of 30 (duplexes, triplexes, and quadplexes) mostly everything out here is town homes or apartment complexes.

By doing that you should be able to raise the rent and possibly the sales price depending on the demand.The best way to make more money is to be prepared to move to the hot areas and by buying small apartments and working your way up to make enough to be able to hire an experienced Property Manager or a Property Management Company to take care of the daily needs, both maintenance and occupancy,  that is experienced in that area or type and will report you regularly on what you need to properly oversee their efforts and the properties financial status.One good thing is that many smaller apartment complexes are owned by Mom and Pop. 

There are a lot more large multifamily complexes coming up, or already finished. 

When people ask what I do, I tell them that I own a company that purchases apartment complexes.

Anyone have any recommendations for a book on constructing a new apartment complex and not just any other book that speaks like an infomericial, but something that is more of a guideline, with more step by step (high level is ok) instructions.

With that being said,  I just read a book about buying and selling apartment complexes and one of the things discussed by the Author was business partnerships. 

We are looking for somebody specific with making converting an apartment in a multifamily complex from a storage unit to a rentable unit.