Your tenant your manager

[Robert Morris]

Hi,

I am curious what would experience landlords think about the Idea below.

I am a out of state investor and still juggling between property managers. 

One of the options that I was recommended is having one of your tenants as the manager and maintenance guy for all other properties I own.

Anyone experienced with such a concept?

Is it smart to do?

if Yes, what should be the structure, should he live rent free in return of the work and hours of work he provides?

I see a few challenges arising with this type of set-up.

If for example, he/she doesn't do a good job or if you no longer need their services or if a conflict arises between landlord and manger.

Is their a way to structure the managers pay without bumping in to challenges later on?

Looking forward to hearing from you guys.

TIA