how many unit of apartment complex must be aquired a on site resident manager?

In Property Management - Asked by Rosalind Y. - Sep 16, 2012
Report Abuse
Answer this Question

Answer(s)

Chris R.
Broker/Agent
Denton, TX

If you are asking how many apartments require an on-site resident manager - then - unless your state has specific laws / rules (Texas does not) then it would be up to the ownership to determine how best to operate the property and deal with the tenants, leasing, maintenance, management issues that come with an apartment property. There is no magical # in answer to that question. Some smaller communities can be operated completely with no on-site presence if the management company operation is nearby. Some smaller communities to medium size communities can be operated with perhaps part time management on -site and all residents have phone # to office. I've operated a property up to 100 units or so with no on-site management office as our (management company) office was nearby. Many variables to consider - size, location, condition, vacancies, maintenance issues, security issues, etc., etc. before any answer can be applied.

Sep 17, 2012
Report Abuse
James E.
Broker/Agent
Beverly Hills, CA

If you are in SoCal the answer would be anything over 16 units requires some form of onsite representative. Other states all have different requirements, its always a good idea to check with the local apartment associations

Aug 26, 2013
Report Abuse
Holton W.
Property/Asset Manager
Cleveland, OH

Check with the city. Different areas will have different rules.

Jan 18, 2015
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question