Project Manager for Out of town Projects, how to pay them?

[Alain Labrada]

Hi BP community, I need your help.

I live in Miami but all my rental properties are located in Jacksonville. I'm fortunate to work with a local Agent that is just incredible, all our transactions have been smooth and on-time, not a single issue. I'm in at a point where I want my next move to be doing a BRRRR and I want my agent to also be like my Project Manager, but I need to come up with an idea on how to structure this.

Basically I want her to be very involve and to have “skin in the game”. I have been thinking on how to compensate her based on the results of every project.

One idea is to pay her by the hours she put on meeting with the GC, inspecting how job, etc.

Another idea is to define a percentage of the Net Profit that will be her compensation. Something like 10% or 20%

I know this will be an added expense, but I just cannot do it with having someone I trust representing my interest there.

Please, let me know your opinion and feel free to throw here any idea.

Thanks!!!