Mike Taravella discusses the difference between underwriting small and large multifamily deals.
Management Fees: MGMT fees vary depending on the size of the deal. Smaller deals typically have higher management fees than larger properties.
Administrative Expenses: All costs associated with the back-office operations on a property: software, computers, printers etc.
Marketing Expenses: Apartments.com, Facebook marketplace, website, Zillow etc.
Pro tip “Make sure you have the right team in place”