A full time property manager is also a partner/owner in an industrial complex. What would be his % be?

So. California
In Property Management - Asked by Bettsy T. - Jul 7, 2016
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Answer(s)

Lenor R.
Property/Asset Manager
Miami, FL

If he/she is serving as the property manager and completing all the tasks each month then he/she should be paid just as if he was not a partner or owner in the complex. The basic fee should be 7 - 12% of the monthly rent roll based on your local area.

Jul 9, 2016
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Don I.
Broker/Agent
Burbank, CA

Subject to your position on the Deed Of Trust which states your %, (ex: 10% -90%) and also your means of
taking title (ex: General Partnership, Joint Tenancy, Tenants in Common) the value of your title holder position
with the complex could be quite valuable, in addition to what perhaps is an industriial property management payment owed to you ranging from a minimum average of $500-600 weekly, contingent upon size of complex
and duties. Arrange to discuss with Debbie, 818-378-7759 @ California Real Estate Services

Jul 10, 2016
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Boots S.
Broker/Agent
Corpus Christi, TX

Great Answer Don.

Jul 12, 2016
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Chris R.
Broker/Agent
Denton, TX

Your deed, title, etc should stipulate the ownership. If it is silent then both partners would seem to own the property equally or 50%. The fact that one also does the property management has no bearing on the amount of ownership he or she has. That is a completely separate matter. Just being the property manager would not increase the % of ownership unless the 2 partners agree thereto.

Jul 17, 2016
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