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Richard Libutti
  • Rental Property Investor / Director of Business Development
  • Miami, FL
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45
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In House Leasing Agent - Multifamily Portfolio

Richard Libutti
  • Rental Property Investor / Director of Business Development
  • Miami, FL
Posted Mar 18 2024, 13:05

Hello BP, 

Looking for a bit of insight here as I am looking to bring leasing in house...

My partner and I currently own/operate our portfolio of ~250 MF units, in Miami, FL. I'd love to hear what experiences (good and bad) are out there regarding good structures. 

Majority of the portfolio is Affordable Housing -- Section 8 tenants make up roughly 80% of our portfolio. 


We have unit vacancy that fluctuates, but safe to say 4 units per month is a good baseline that our new (In-house Leasing) agent would get off the bat. 

There is plenty of office support, AppFolio software, I am open to bumps in commission/bonus structure -- portion of rent raises, lock changes, identifying more MF buildings, commissions IF we decide to sell any properties, etc. 

Any details on structure would be greatly appreciated! 

Thanks

Richard

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