Real Estate Assistant - compensation advice

[Brad Fletcher]

Hello BP community, 

I am looking for advice or a recommendation for a good compensation structure for a Real Estate Assistant that will help an established real estate investment company with Marketing. I was tentatively hired, though no official paperwork, to help this RE Investing company to advise, improve, and streamline all of their Marketing efforts to acquire, buy, and sell properties. A majority of my effort will be centered around helping this company acquire off market deals - wholesale deals. 

The proposal I received was to get a percentage (don't know what that is yet) of each deal that I help their company acquire. However, I would prefer to receive some compensation along the way as I am spending my free time working for them evenings and weekends. 

Any help, advice and/or tips is greatly appreciated. Thank you! 

[Chrissy Parsons]

@Brad Fletcher I don't have experience with this specific compensation packages, but I would think that it would somewhat depend on how good the group you are working with is at getting deals done. If they are only mediocre, you could be spinning wheels getting great leads but they can't close. 

Maybe talk to them about setting up weekly meetings to go over your activities in exchange for $xxx a week until things get rolling. Some questions to ask - How do they track your deals vs something that might result from previous activity? Do you get paid on deals that came in based on your activity after you part ways? What's your marketing budget? Do they deduct anything from your percentage for marketing expense?

The Denver area is pretty competitive when it comes to REI. You might consider targeting Seniors with 15+ Year Ownership. They are often ready to downsize or transition to assistance. I wrote ablog that gives some ideas for a mail piece to seniors. Click Here.