Property Management Agreements & Onboarding Your PM the Right Way

Most investors close on a multifamily deal with no real plan for what happens next. Brent Kawakami has one — and in this episode, he gives it to you in full.

In Part 4 of the Think Multifamily Asset Management Series, Brent covers two critical topics: what to look for in a property management agreement (PMA), and a complete administrative checklist for setting up a new acquisition from closing day forward.

In this episode you'll learn:

•       The key PMA terms to negotiate — fees, authorization thresholds, termination clauses, and operating capital floors

•       Why your PM needs to be chosen at LOI (not after closing) — and why the lender's PMA review is the reason

•       How the "go dark" transition works and what a professional PM takeover actually involves

•       The full post-closing administrative checklist: weekly calls, MMR setup, lease audits, budget loading, and system access

•       How to get cost segregation started the right way — and what your CPA needs from day one for K-1s

This is part of the Think Multifamily Asset Management Series — go back to Episode 115 to start from the beginning.

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