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Updated almost 8 years ago,
Onsite property manager
I am looking into a 10 unit building that has an onsite property manager. The manager does not pay rent and is instead responsible for management duties. He also does keeps the grounds and does the repairs. The repair costs for last year were almost nothing. I also have a management company I normally use and really like, but financially the onsite manager makes a lot more sense. I also like the idea of having someone onsite because my impression is they have more interest in picking quality tenants. What are the other good/bad I should be considering? Is this an employer/employee situation?