Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
Investor's Assistant Pay?
Hi BP Community,
I recently started helping an old friend who is an up and coming investor in my area. Till now, I've been passive about my REI education, and am currently learning all I can about his business, the local market, and where I can fill gaps /add value. We have tabled the discussion of my compensation - I told him I wanted to wait till I was knowledgeable and productive enough to make meaningful contributions to his business.
My question for any investors/assistants out there is, How do you compensate your assistants? Do you have any performance metrics that would influence a commission? Flat rate?
Thanks in advance for any insights!
-Nick