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Updated 6 months ago on . Most recent reply
Property Manager Broker Commission Split
Would you mind sharing any advice or experience that you have with paying Property Managers a commission for their work
Working for same brokerage for 5 years as a 1099 Property Manager with established properties.. Ownership of Brokerage has changed over once. Since I started managing I have tripled the business income due to adding additional properties.
I do all of the work except for contract review by broker and they pay for the pm software and overhead of having a physical location for the brokerage (although rents collected and owner payments are all done online). I pay E&O insurance and RE renewal fees, etc.
What would you advise for commission split with brokerage?
I would like to hire an assistant as the business is growing. What would you advise for how they get paid? Out of my commission?