Shop around with local lenders, ask these questions, and get answers before you try to buy the triplex. 

Then you may shop in that price range.Tip: check with your local credit union: they will consistently have better rates and often the underwriting of loans is done locally.Mike

Think of me like that old friend who can’t help but dish out stories over coffee; xcept my stories sometimes lead you to the kind of deals that nudge your portfolio from “just okay” to “damn, that’s impressive.”

Members of these in-house capital markets teams typically have prior experience working at multifamily debt brokerages, investments sales shops, etc., and a full rolodex / database of lenders whom they have rapport with to boot.

Hey @Chelsea Pfeiffer, reach out to @Avery Carl at the Short Term Shop.

Great idea because like you said, coffee is important to so many. 

If you have an older home that requires a lot of maintenance, you probably want to avoid the manager who charges a markup.I recommend shopping around occasionally to see if your PM is procuring fair pricing or just marking you up to make money without justification.As for expectations, you need to read the PM agreement and understand what is charged and why.

My broker shopped around and found 3 companies that allowed us to add Co-Living clauses (SafeCo, Auto Owners, and Travelers).

It may be time to shop around for a new one who will actually add value to your investment.If you want a recommendation for a reliable property manager in the Lehigh Valley, I’d be happy to share some contacts.

And hey, if it doesn’t work out, maybe I’ll owe you a coffee next time you’re passing through Omaha.