If yours includes one, you can exercise that provision. 

@Jesse Stein I am unaware of this nor do I believe it's common, but if the closing attorney and lender have agreed to this arrangement, then it appears all other options have been exercised.

I will admit that being uneducated to that world, it probably wasn't the smartest move, and today, I'd exercise far more diligence, but it all worked out in the end!

Landlords mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.This also leads them to ASSUME simpler is better when it comes to management contracts.

While these lists perform well, they're typically small and finite.

It’s always a great exercise to compare the risk versus reward.

I'm at 0% unpaid and vacancy on my current units, but will have to bring these new units up to performing. 

@Boris Harhaji PEP is short for performance equity partners

Before contacting any owner, I would perform a quick search of public records to see if anything stands out that may impact pricing.

Many capex items are less than the $2,500 de minimis safe harbor and can go below NOI on the P&L (and get fully deducted on your tax return but not included in the property NOI for performance or lending purposes).Hope this helps.