Property Manager pay.

[Sam T.]

I am in the process of hiring someone to handle my day to day workings of managing my rentals. This would involve taking all tenant calls, meeting prospective tenants, handling inspections, coordinating repairs, move ins and move outs etc.. Their job would be to manage 40 units for me. I am having a hard time figuring out what would be the best way to pay this person. Anyone try this before and what was your experience. I don't want to go the property management route as I have heard some horror stories.

[Keith Weigand]

Keep your handy man, get a good software to assist you in all the tasks and manage them yourself if you have the time. I've never heard of a professionally property manager who wouldn't take your portfolio just because it's spread across multiple properties. Sounds like a small PM company.