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Updated about 8 years ago,
What is fair compensation for a project manager.
What would you guys consider fair for an "employee" who handles all the hiring/inspections on a rehab, never uses a brush or lifts a hammer. Lets assume this guy handles 4-5 at a time and takes longer than an owner would to complete the flip but a reasonable amount of time for an employee to do it. He isn't a GC or has any special training. He just was at the right place at the right time.
Lets say out of the 5 flips,
2 of them are light rehabs (minor repairs of a day or two and lets say carpet) 3500ish , 2 of them are 3-4 days of repairs with carpet/paint, 5-7k.
The last being an involved flip costing 25k or so taking over a month.
Currently we pay based on gross net, debating if it should be based on something else.