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
