resident property manager survey

[Derek Carroll]

I'd like to poll the BP community about what you're doing or seeing for in house property management of smaller to midsize apartment communities, think in the 15-75 unit range.  Typically these are too small for a full onsite management presence so i see a lot of owners using resident property managers and providing a free unit in exchange for acting as property manager.  

If anyone here is doing that, have you had any luck?  Upsides  / downsides vs hiring an external property manager?  Do you provide additional compensation besides just the free unit?  What duties do you have them do?

Looking forward to seeing the different ways that folks are handling this.