Which is better, on site or off site property management? for 100 units

In Property Management - Asked by Todd M. - Jan 27, 2012
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Answer(s)

david r.
Owner/Investor
Riverside, CA

law says you must have onsite managers

Jan 27, 2012
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Mayi S.
Broker/Agent
Miami, FL

on site

Jan 28, 2012
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Philicia L.
Broker/Agent
Brooklyn, NY

Better is good management. Whether on site or off site you should either hire a good management company or develop your own. The key to effective management is based on your relationship with the management team or company. Initially you want to have a hands on approach with the management company and then create systems that will allow you to have a more passive role.
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Jan 28, 2012
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Charles P.
Corporate Investor
Tallahassee, FL

The rule of thumb is that if it's more than 60 units, go with on site.

Jan 29, 2012
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Karen M.
Developer
Lake Forest, CA

Every state is different, so check real estate laws in the area where the units are located. Some require on-site management if it's over 16 units, others don't require on-site managers.

Jan 29, 2012
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Glen W.
Lender/Mortgage Broker
Atlanta, GA

i would 100% say onsite for a unit of this size. We have seen a number of apartment deals get away from their owners as a result of offsite management.

Mar 1, 2012
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Chris R.
Broker/Agent
Denton, TX

Generally on-site is better all around. Some areas may require it. In Texas - totally up to the owners / management. Someone on-site to keep an eye out on things is always better than relying on off-site if the finances can justify it.

Mar 15, 2012
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