Updated over 2 years ago on . Most recent reply
Fees for managing the property manager
I'm about to close on our first out of state multi family property. My brother and I have an LLC setup. I'm the one who found the deal, worked with the lenders, found the property manager and will manage the property manager. We were going into the deal 50/50 with the down payment, but honestly we are trying to structure a fair fee for my additional time to deal with the property manager and all the paperwork as I'll be dealing with that (e.g. income taxes). Any thoughts on an appropriate fee structure?