Advice On Compensation Structure

[Robert Herrick]

Hi Everyone,

I am considering bringing a family member in to work with me on my projects. I am an out-of-state investor and would have this person act as a primarily lead generator (acquisition manager) but, since he lives in the area I am buying in, he would also be a man on the ground to check in on homes in person/report back on progress/update me about areas etc. At this time the extent of his responsibilities may vary.

Can any of you advise on the type of compensation structure you use for paying people that help you? Something that breaks down how much you pay or cut someone in for the amount/type of work that they do. I am not interested in putting this person on salary at this time. I would rather cut them in for a portion of each deal or pay them on each great deal they can find.

I see myself expanding my team more over the next few years and would love as much detailed information as you can give me! I primarily flip and BRRR homes. Thanks!