Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
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 over 8 years ago,

User Stats

10
Posts
0
Votes
Joel Harris
  • Austin, TX
0
Votes |
10
Posts

Existing Tenant receives $200/month discount to "resident manage"

Joel Harris
  • Austin, TX
Posted

I am purchasing a 4 plex with one of the tenants receiving a $200 discount on monthly rent in order to be a resident manager. I'm not sure what this includes, but I would be much more comfortable with a professional management company handling issues. 

Does anyone have experience divesting a tenant of "manager" powers? Are there any safe ways to go about it? Should I just be forthright and tell the renter that I will have a management company take care of the situation, and let him know to expect his next contract to be $200 higher?

Thanks!

Loading replies...