Commercial Real Estate Investing
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 about 6 years ago,
Pay for onsite manager
Hello,
I would like to hear any creative ways to pay an onsite manager. I hear a common way of paying anywhere from 5% to 10% of gross rents, but I'm not sure that is how I want to do this. I believe in and want to compensating well, but I want to compensate on performance. I was thinking on maybe a very small percent maybe 1 or 2 percent of gross rents, but than doing a very large percent of the positive cash flow. Any thoughts or other effective ways anyone has been paying an onsite manager?
Thank you,
Ron