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Updated almost 2 years ago on . Most recent reply

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Jason Weber
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Property Manager pay structure

Jason Weber
Posted

Looking for ideal ways to pay my PM.  right now her contract pays her $22/hr for any communications, touring, paperwork, general administrative duties. Then I pay her $35 for any manual labor like cleaning, leaf/yard clean up, painting, any easy household repairs that she is able to do.  She doesn't like keeping track of her hours it's too much of a burden for her.  

I don't want to just pay her 5-8% of rental income as I feel like there are some months where she really won't need to work much and I don't want to overpay.  

What are some ways you compensate your PM?

I do think bonusing her on getting and or maintaining 95% occupancy is a good incentive.

  • Jason Weber
  • Most Popular Reply

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    Nathan Gesner
    • Real Estate Broker
    • Cody, WY
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    Nathan Gesner
    • Real Estate Broker
    • Cody, WY
    ModeratorReplied
    Quote from @Jason Weber:

    I am curious to know how many properties/units this person is managing and how much you are saving by hiring them instead of a professional property manager.

    Management involves a lot more than collecting rent, showing vacant units, and turnover.

    • Nathan Gesner
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    The DIY Landlord Book
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