partnering on multi family as a live in manager

[Jacob Whitbeck]

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!

[Pat L.]

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.