Beginner in Property Manager needs HELP! Canada

[Account Closed]

I got a chance to manage a 38 units building in exchange of free rent in Calgary, Canada (2 bd apartment that rents out at $1420) 

The building is currently making $48k gross rental income per month. When I took over it was making only 40k a month.

It has been 7 months since I started doing this and I really like and enjoy it. The owner has another building close by an I would like to manage that one too. He currently has 2 managers in 2 different units. One does the paperwork and the other does the the cleaning. Both are paying half of the rent but the owner does not like the idea of 2 people doing the work of 1.

I am having a meeting with him and I would like to talk about managing that building too. How much % or the rent should I charge for a 38 units building? What are the main points I should make to be assertive and get the position? how could I make this more convenient for him without giving up my interests($$) ? I believe this building is making 44k but I am not sure.

Thank you for your help!

Juan

[Roy N.]

@Account Closed

There is a substantial spread between a live-in superintendent who handles day-to-day matters (cleaning, minor repairs, etc) and light turn-over activities and full property management (advertising and leasing, managing service providers, receipts & payables, etc).

Without knowing your role activities, it's hard to determine where you might fall on that spectrum. 

@Joaquin Camarasa - there are no legal issues with respect to discounted rent in exchange for performing work activities the property, nor for including accommodations as part of a compensation package.   Both are common practices.  

There may be reporting requirements, incumbent on the property owner and the employee, for taxation purposes.  Additionally, in many jurisdictions when accommodations are provided as part of employment, an end of the employment results in a termination of tenancy.