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Updated almost 11 years ago on . Most recent reply

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113
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Peter Fokas
  • Investor
  • Ridgewood, NJ
10
Votes |
113
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Who has a Super and what arrangement do you have?

Peter Fokas
  • Investor
  • Ridgewood, NJ
Posted

Wanted to get some perspective on the feasibility of having a in-house super.

Questions I have. Do you have a super? Why or why not? If you do have a super what sort of arrangement do you have? Do they get a discount on rent? Free rent? What is their responsibility exactly? 

Most Popular Reply

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85
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39
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Brad M.
  • Rental Property Investor
  • Glen Allen, VA
39
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85
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Brad M.
  • Rental Property Investor
  • Glen Allen, VA
Replied

@Peter Fokas I'm getting ready to close on a quad where the current owner's daughter has been acting as the super. I plan to keep her in that role, and she does receive a discounted rent. We will have a more formal agreement than she had with her father, but she will not be an employee. Here are my Do's and Don'ts.

Do:

  • Assist with lockouts
  • Receive tenant maintenance requests
  • If an emergency, immediately contact owner
  • If not emergency, notify owner of resolution or status within 24 hours.
  • Mow grass
  • Trim hedges
  • Shovel snow off sidewalk
  • Show vacant apartments
  • Collect rental applications and deliver to owner within 24 hours

Don’t:

  • Approve any vendor repairs without approval from owner
  • Represent yourself as an employee of the owner
  • Make any promises or representations to tenants or vendors without owner’s approval
  • Receive rent

It is also understood the arrangement can be terminated by any party at any time, and rent resets to market rate if the agreement is terminated. Hope that helps.

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