Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 4 months ago, 08/24/2024

User Stats

11
Posts
3
Votes
Joanna Mendoza
Pro Member
3
Votes |
11
Posts

Advise needed for 1st Investment Property

Joanna Mendoza
Pro Member
Posted

This is my first time browsing this forum. Please be patient with me. I am sure some of my questions have probably been answered before. 

My aunt purchased a property in Tucson Arizona with a single family house. The house will be vacant starting September 2024. She is based in the Philippines and plans to stay in the property every 2-3 years for only a couple of weeks. So technically the property will be empty most of the time. She wants me to help maintain the property. 

Since I will be maintaining her property, I am planning to offer her to convert it to an Airbnb rental and I will run it for her since I am based in Tucson, Arizona. Considering I will be maintaining the property (overseeing the construction so I can convert it to a multiplex, all the Airbnb needs including advertising and looking for customers), what would be a fair split? Or is there an acceptable or usual profit sharing for this kind of arrangement? I was thinking 65 (Mine)- 35 (Aunt). I am thinking this would be fair since she had no intentions to earn from it to start with.

Thank you

  • Joanna Mendoza
  • Loading replies...