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Updated over 3 years ago on . Most recent reply
Splitting Sale Income between Partners
Afternoon all!
I am about to close on the sale of my rental property, which I own with another party (50/50 ownership). I have managed the property and the relationship with the Property Management team for the past 10 years. Wanted to know if there is a standard for compensation for those duties. I think it makes sense i get some percentage higher than 50, or a flat fee, but i want to be equitable in coming to the decision. Looking for input from the community. Thanks so much.
Best,
Justin