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Updated over 11 years ago, 05/29/2013
Hiring employees in a management company
I've started a property management company and need to hire on an employee to help handle the load, but I'm having trouble figuring out HOW to actually hire them. I have the person already lined up and ready to go, but I want to do this the right way.
So far it seems I will make them a w2 employee, but I want to be able to pay them according to how many properties they're working on, and not pay them hourly. We're obviously just starting out, and I only have about 20 properties ATM, which does not allow me to pay them enough to qualify as an exempt/salaried employee. Is the only other employment option "hourly"?
In short, how should I structure my employee's pay when I want to pay them 3% per property they help manage? (in Texas)
Thanks!