Yes, You do.

It’s an uncomfortable truth, but owning multifamily properties are not as passive as you may think. There are regulations that need to be kept up with, tenants that need to be managed, and that can be a lot to do when you have several properties in your portfolio.

Remember, most property managers will charge you a percentage of the rent roll that they manage. This monthly fee can be anywhere from 6% to 15% of the gross rent that is charged to a portfolio.

Want to know more about hiring a property manager? Leave a quick note here, and let’s chat!