Many CRE investors don't care to be landlords and they like the efficiency of larger properties (on-site staff, professional team (management, lenders, brokers, vendors), inexpensive vendor specialists (flooring, paint, HVAC, other trades), single location, cost segregation).

If you plan to refinance into 30 year residential loans, you will be speaking with a mortgage officer (or a branch staff member)...same as you have done in the past with either a mortgage officer at a bank or with a residential mortgage broker.  

The parking and rentals pay for the teaching, parking, and management staff.

We are one of the largest PMs here in Cleveland when it comes to staff size, # of doors, and years in business.

As more and more clients ask me to recommend property managers for their SFH, Duplex and Fourplex properties, I'm updating my due diligence checklist when comes to what to ask a property management provider:Here are some of the questions I have:Preliminary (Time in business):Operations (Geographical Footprint Of Properties Managed)Preliminary (Credentials / Associations Involved In)Operations (Number Of Rental Properties Managed)Operations (Property Type Managed and Percentage Breakdown Of Each)Preliminary (Personally Invest In Properties Managed)Legal Compliance With Fair HousingLegal (Insurance Carried)Legal (Contract Terms and Cancellation Policy)Legal (Company Sample)Operations (Managers / Staff Employed)Sales (Rental Price Determination)Sales (Vacancy Fees)Sales (Management Monthly Fees)Sales (Company Cancellation Fees)Sales (Miscellaneous Fees - Marketing, Cleaning etc)Operations Specific (Marketing To Good Tenant Base)Operations Specific (Tenant Income Requirements)Legal (Eviction Timeline - When Does It Start?)

I often see small multifamily properties with high payroll expenses, because they have onsite staff.

The area is a great alternative to college staff and students looking to rent in a quieter more affordable area, right outside the city.

We even send our staff to different events around the country.

It was the weirdest thing I have ever experienced… They rush our office with 3 State employees, make my office call me (I was not at the office at the time), I drive back to the office from an hour away, cancel the meeting I was getting ready to go into, while they all wait at my office for me… My staff basically left the building and fled for their lives as they were all wondering what the heck was going on.

Their rules verify I don't have to worry about any other non-governmental liens and their staff confirm they keep the file of who was served before the tax foreclosure judgement over 6 months ago.