Hi, I am currently looking to buy a 12 rental unit in Hartford I will need a property manager.  

- Broad language excusing PM from any responsibility (including that of anyone they subcontract out to)- Charging the owner additional "convenience fees" if they "fail" to perform according to an agreement (with broad language about what that means)- Making the owner pay for any mediation / attorney fees for both parties (with no cap specified)Specific fee structure: - Management Fee: 10% scheduled rents (up to 3 units); 8% up to 15; 6% up to 35- New tenants placement (not renewals): 50% first month rent- 10% mark-up on all service fees (no receipts required)- 15% mark-up on total cost for any capital expenditures- Flat turnover fee- Flat evictions fee

Yes, I noticed the range of HOA dues, surprising since it doesn’t seem to be based on the price of the unit.

That is cool, but for those running a business at any level of scale, not of any significant importance.

Aside from renting vacant units I only spend 10 hours a month on managing my 7 buildings and 25 units.

This criteria is for 1-4 and 5-8 unit programs.

My husband and I are wanting to purchase our first property as an investment in Grand RapidsEither multi-unit, live in one unit rent out the other(s).

I’m guessing you would move into the main unit and lease out the second unit?

Duplex have different zoning that may permit additional units.

I actually inherited a racist who consistently wanted to stay in my unit.