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Updated about 7 years ago,

User Stats

23
Posts
6
Votes
Mike Strodtman
  • Investor
  • Bemidji, MN
6
Votes |
23
Posts

Do you need a Resident Manager for a 14 unit building

Mike Strodtman
  • Investor
  • Bemidji, MN
Posted

Looking at a 14 unit building and they presently have a Resident Manager and a property manager.  The property management company pays the Resident Manager to vacuum the halls along with general clean up of the property and are the eyes and ears of the property. This person is paid $246 a month.  The management company is paid 7% gross rent.

Do you feel a Resident Manager is necessary for a 14 unit building? 

If you have a Resident Manager do you have a specific list of duties for that individual?  Do you pay them or deduct it from rent and how much do you pay them?  Any other information you would like to share would be greatly appreciated.

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