Updated over 9 years ago on . Most recent reply
Hiring a part-time PM as independent
As I approach the finish line for my new venture in rehabbing (you can read about it here ) one of the needs I realized besides other, is that I must have a person readily available for deliveries, pickup material, somebody that can do my scouting of properties, do a daily check on the progress and quality, make payments to people that do not use internet banking etc...
In other words, boots on the ground, since I live 4 hours away, and my partner is just too busy to do these things efficiently.
For that reason I found a person that can do all these tasks, after his current daily job, and even self perform some things.
My question is how do I structure our relationship so he is not considered an employee. Obviously I dont do an adequate number of deals to support a full time position. We have agreed a fixed amount per deal, and anything extra he will get paid per hour. He is a plumber by trade, but has what I'm looking for as an individual. Trustworthy, ability to handle contractors, lives in the area I invest in, knows construction, has a truck, and wants to get in the game of REI. He can also take care punch list items effectively.
If you have any experience with this issue I would appreciate your input.