Private Property Manager compensation question

[Jordan Aniag]

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!

[Nathan Gesner]

Quote from @Jordan Aniag:

It may only take one hour this month and the next, but when you have turnover it will take much more. When you have three turnovers in one month, it can be a lot more!

Will you be paid hourly or a monthly salary? If hourly, just figure out how to track and bill your hours. If you are on a monthly salary, then I would look at the amount of time spent per year and divide that by twelve. For example, if 1/3 of the properties turn over each year, you'll spend a lot of hours moving out one tenant, marketing, showing, getting the new tenant moved in. That may be six hours per turnover or 24 hours in addition to the one per month they estimated. That's a total of 36 hours per year or an average of three hours per month.

One hour per month doesn't even make sense if you are doing inspections, coordinating maintenance, etc. Either the owner doesn't manage well or they don't understand how to track time well.