All Forum Posts by: Juan Vargas

Great points guys. @Rob Beardsley  check out https://www.pdftoexcel.com/

@Tony Castronovo, I just oversee what she does to make sure everything is going well. If there is a bigger concern that the maintenance guy can't handle, I get with my partner (who's a general contractor) and he gets his guys to take care of those things. 

@Tony Castronovo, I would start off with your goals and what you're looking to accomplish. Because @Michael Le tagged me in this post, I'd like to give you my and input based on my experience with a 32 unit nearby (30 min away). 

I decided to have someone within a few miles of my 32 unit manage my property (she manages a larger property). She uses her maintenance guy and does a great job taking care of any property concerns. 

As far as pay is concerned, I actually don't pay a percentage of the rental income. Because my property is similar to the 10 unit you described with occupancy and minimal maintenance, and because she already manages another property, I felt the best way for this to work was to pay her hourly, and as needed. I pay her $15/ hour whenever she is handling anything that has to do with the property, whether that is with calls, leasing, or when she is on the property premises (with handyman) for repairs. 

This strategy has worked well for the both of us as it has allowed her to continue her "main full time" job and it has significantly reduced my expenses.

Hope this helps. 

@Royce J., send me a PM, I can give you a sample letter that I’ve used. 

@Todd Dexheimer may be the guy to ask. I believe he lives there and may know who to contact. 

Great question and something I have thought about as well. I'm also curious to find out if someone has done it and if so, how it has gone for them. 

Yes sir @Omar Khan!

@Chris Tracy, looking forward to seeing you there. 

@Omar Khan for sure! Too bad you can't make it this time.

I’ll be there. We should connect.