Project Manager Pay for rehabs and prehabs??

[Marcus J Richardson]

Hello,

I would like to know once i hire a PM how much should i pay him to manage my prehabs i will be doing.  His responsibilities will be to manage the prehab and to set milestones for contractors, pulling permits, and basically just being liable for the whole prehab.  Should i give him/her a percentage of what i make from the prehab?( and how much) or should i pay a wage per hour? (and how much)  Thanks

[Manolo D.]

Originally posted by @Aaron McGinnis:

Originally posted by @Manolo D.:

I do them 3k for less than 30k jobs, +1k every 10k up to 100k, if above 100k 10k + 500/10k. But this is a full accounting, full reporting and full responsibility job, 2 days/week jobsite visits.

 Is this for a full time employee? Doesn't that complicate payroll considerably, and cause your management overhead to expand as the job expands?

 I might have confused you a bit, this is what "I" charge. And this is something that you could do a 1099 for. Although 1099s are pretty rigorous in some areas, the manager is not actually being controlled by the client, no time, no tool, his tool is only a pencil or a computer.  This is how I value my time, if someone hungry for work or is of a lower caliber, they might charge lesser. In case if an investor will be hiring a full time employee, then it is according to skill, accuracy, scope of services, and etc at the very least. Someone could hire a $12/hour employee if all they do is collect names of a subcontractor and give them to you, but a former superintendent or a REAL project manager that could conceptualize and close ground up construction by just pushing paper won't accept anything below $40/hour with benefits.

  Every investor has their own limit of pay for management, and every worker in any shape or form knows their value, for the services mentioned above, I think it is an affordable rate for the scope that will be done. It all depends on the investor's taste and what they think they want vs what they really need.