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Updated almost 2 years ago,
Private Property Manager compensation question
Hello fellow property managers and real estate professionals
I am currently in the process of negotiating a position as a property manager for a portfolio of 12 units. The properties include 2 single-family homes with long-term tenants, a triplex that the owner intends to rent out and then sell to a financial investor, and 3 other residential multi-unit properties that will require coordination with contractors for rehabilitation, cleaning, and listing. I will also do the listing and such.
The company managing these properties operates primarily through apps and online platforms, and they are estimating that the position will require approximately one hour of oversight per month.
I am curious to hear from those of you in the community about what you believe a competitive salary for this type of role would be. Any insights or advice you can offer would be greatly appreciated. Thank you!