Paying Property Manager in Equity

[Pope Lake]

Hi BP! 

I have a family friend who is supportive of me investing in real estate. This is such the case that they are willing to potentially manage the first property I purchase, which is looking like it'll be a SFR.

I am trying to cut costs as much as I can, which is why I love the idea of getting help from a close friend on the property management side. However, I am unfamiliar with proper compensation with a situation like this. 

I want to pay my friend their due, but I also want to leverage the scenario as a potential point of cost savings. Fortunately, they aren't looking to have this position replace their current job, they are mainly interested in helping. 

For this reason, what do you guys think about me giving them an equity stake in the house, in exchange for a smaller amount I'd give them monthly for helping me out?  

Further, what percentage would you deem appropriate if you're familiar with this exchange? 

Thank you!