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Updated almost 2 years ago,
How would you structure a live in property manager?
Hey everyone, I have a sfr split like a vertical duplex. The basement has a separate entrance and is doing well on Airbnb. The rest of the home has 4 (potentially 5) bedrooms that I want to rent as individual rooms medium/long term. I have someone that has rented from me in the past and is interested in working out some type of live in property manager for the rooms and Airbnb including cleanings. How or what incentives would you offer this person in my scenario? Would you offer free rent? Half rent for managing the Airbnb? A referral fee for every person she found to fill a bedroom? I've never been in this place and hoping for ideas, personal experiences, advice on this situation to reach a fair agreement for both sides. Thanks in advance!