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 4 years ago, 04/29/2020

Account Closed
  • Calgary
3
Votes |
7
Posts

Beginner in Property Manager needs HELP! Canada

Account Closed
  • Calgary
Posted

Hello Everyone,

So I have been managing this 38 unit building in Calgary, Alberta, Canada for about 8 months now. When I took over the building it was making 36k gross rent per month and there were 8 vacant units, now the building is fully occupied and making 48.5K a month.

The owner is really happy with my results and the fact that I got a new tenant during this pandemic. He owns a couple of buildings in the city and there is one that has 9 vacant units. I want to manage that building as well but also want to be fairly compensated.

The building that he wants me to manage has 50 units. To give you more data, he is not paying me anything for the building i am currently managing, only free rent. It is sweet because it helped me to save and buy my first rental property but I know that he is saving money with me.


-What % of gross rent should I ask for managing a 50 units building?

-Should I asked for more money if I reach certain milestones? Ex: 0% Vacancy, lease renewal fees.

-What do you think I should add in the agreement?

Any advice is welcome!

Thanks a lot

Juan Coltrinari

Loading replies...