The key is not the number of properties.

Try interviewing at least three managers.1.

@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.

The property manager must make a profit, otherwise there is no incentive to provide the service.

It’s true that many property management companies are now incorporating tenant benefit packages as part of their offerings.

We manage over 85 listings.  

Are you a Certified Property Manager?

Does anyone have a real estate attorney recommendation to review a property management lease?

Even with a property manager taking a percentage, you’d still see a return, and it might save you a lot of stress managing the property from out of state.

Asset Management is a HUGE undertaking on multifamily properties, and you can't rely just on a PM for most of the functions.