Updated over 11 years ago on . Most recent reply
Job Offer - Compensation advice
I recently found out about a possible opportunity to manage 36 residential units for an out of state investor in a nearby town. The woman who is currently running them doesn't have the time anymore due to the fact she is going back to school and is looking for a replacement. She says she puts 10-12 hours a week into managing them but that she should probably be doing more. I am interested in the job but she told me that she wanted, and is paid, hourly for the work. I would rather be in a percentage based set up which she said is a possibility but that I would have to work out with the owner. I have managed my own properties for a long time but never someone else's so I am a little unsure about how much to ask for as compensation. My role would basically be to manage the subcontractors, maintenance, advertising, screening, showing, renting, collecting and evicting. What is the going rate for those types of services? I know the answer is probably "it depends" but I am looking for ballparks here. Any help would be appreciated. I am estimating the gross monthly rents at $36k. Thank you!