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Updated about 6 years ago on . Most recent reply

User Stats

24
Posts
8
Votes
Jason Mergl
  • Rental Property Investor
  • Saratoga Springs, NY
8
Votes |
24
Posts

Gift to Property Manager

Jason Mergl
  • Rental Property Investor
  • Saratoga Springs, NY
Posted

I am in the rare position to have an awesome property manager.  I am an out of state, sometime out of the country landlord and I needed some updates and repairs done on one of my properties.  Before she made any money from me at all, she went out of her way to find a great contractor, she oversaw all the major repairs, and helped fix up my property to its fullest potential.  Once the work was complete, she got a long term renter in there right away.  For all of her hard work/time before receiving a penny from me, I would like to give her some compensation.  What would be appropriate and about how much?  I was thinking a gift card or just cash?  Any thoughts, or is this a bad idea because she is just doing her job?

  • Jason Mergl
  • Most Popular Reply

    User Stats

    1,100
    Posts
    701
    Votes
    Mark Gallagher
    • Flipper/Rehabber
    • Allentown, PA
    701
    Votes |
    1,100
    Posts
    Mark Gallagher
    • Flipper/Rehabber
    • Allentown, PA
    Replied

    @Jason Mergl if this is a person you want to continue to help build your business, I would personally pay them with 5% of the repair costs. If you were the property manager, who would be the first person you went out of your way to help - it wold be the person who treats you the best. 

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