Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

74
Posts
45
Votes
Jacob Whitbeck
  • renton, wa
45
Votes |
74
Posts

partnering on multi family as a live in manager

Jacob Whitbeck
  • renton, wa
Posted

Hey all, I have started off by investing in single family and work professionally on large multifamily and high-rise buildings professionally as an HVAC mechanic. As a way to get into multi family I am working on partnering for a small percentage of a median to large apartment building and will live onsite, manage tenants and fix/take care of all equipment and repairs that come up. 

just wondering if there is anyone out there that has done this? or any insight on what percentage is fair?

Any help would be greatly appreciated!

Most Popular Reply

User Stats

3,975
Posts
3,356
Votes
Pat L.
  • Rental Property Investor
  • Upstate, NY
3,356
Votes |
3,975
Posts
Pat L.
  • Rental Property Investor
  • Upstate, NY
Replied

My youngest (now 26) decided she wanted to do exactly that when she graduated & she lives in one of the larger rehabbed units. However, if the significant cashflow that she keeps 100% wasn't there I'm sure she'd sell it & be GONE!!! 

Once the she eliminated the disruptive inmates (she inherited), managing it via social media & Venmo became the norm, (she also travels a lot with her real JOB). She NOW has great tenants & they often refer others whenever a vacancy is pending.

She also has a live-in maintenance guy, who after completely rehabbing his own apartment at her cost, was immediately given a $100/month rent increase. She's all business & her health club just used her for an interesting advt they posted.

Loading replies...