what is the average payjment for on site manager of a small 16 unit apartment comples, maintenance included.an

In Property Management - Asked by sandra n. - Jun 7, 2012
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Answer(s)

Kent C.
Troy Hills, NJ

Minimum wage!

Jun 8, 2012
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John C.
Broker/Agent
Sparta, NJ

The answer is does the person live rent free with an apartment and a negotiated small salary.

Jun 8, 2012
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James S.
Broker/Agent
El Paso, TX

Probably $400. a month plus a free apartment

Jun 9, 2012
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Rob B.
Chandler, AZ

Greetings Sandra...
It is good to see a question from a fellow Arizonian.

It would be my advice to ask yourself, what you believe is a fair amount for the responsibilities you will expect from the site manager. Then ask yourself what you believe the value of the job is, compared to your income from the 16 units.
Usually, in this size apartment complex you will want someone that takes a very personal interest in how the tenants conduct themselves as residents. You will want someone that loves living there and treating the property as if it was his or her own.
You may want to be careful in giving a tenant a rent-free apartment instead of a salary. Make sure that the tenant-landlord laws in Arizona do not require the rent-free apartment to be treated as income with all the employee taxes assessed that go with it.

A bottom line answer is that a rent-free apartment represents 6.25% of the total apartments. While the income from all the apartments will vary according to size and other factors, 6-8% of gross-income for property management is not outrageous for 16 units. Based on this you might want to examine what a professional property management company is going to charge you to manage your units. In the end this could be better than your own on-site manager.
Onward and Upward!
Rob Baird
rob@capratecommercial.com

Jun 19, 2012
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Dao A.
Broker/Agent
Tampa, FL

It depends on the agreement between the landlords and the manager, but most of the property managers would charge 10%-20% of the total rents.

Jun 23, 2012
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Paul E. W.
Broker/Agent
Livingston, NJ

Dear Sandra. On-site management rates vary per market. One approach worth considering is approximately $350 per door. In the case of your 16-unit, this equates to $5,600 annually or $466 of monthly free rent.

Jun 25, 2012
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Elizabeth S.
Property/Asset Manager
Fair Oaks, CA

All the answers so far are very reasonable & fair to me. Of course it depends on how much you do. The problem though is the owner, if they don't want to pay you anything they won't. If your low income & how hard it is to find or keep employment free rent is a lot to worry about losing. It helps to know a little bit about what the job your doing is worth. On site apt mgr is a lot of work, especially if you care about where you live. Be careful not to let the owner take advantage & use you, treat you like a slave. A on site apt mgr is suppose to make minimum wage hourly no matter how you work out the free apt. Complexes 16 units have to have a on site so the owner has to give up a unit & they can only exchange 2/3 of your work for rent. If you are just babysitting the complex for lowered rent or free you don't have to do anything else, don't let the owner tell you different. Look up the Labor Board codes & regulations you will be surprised, I bet the owner hasn't.

Mar 18, 2013
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Scott G.
Tenant
West Jordan, UT

When I worked for http://preserveatprairiepointe.com/ which is an apartment complex in Lubbock Texas, they paid their onsite manager pretty well! I know that they also included free room which kept him working there. If you include free housing and a good salary you shouldn't have a problem finding a skilled onsite manager.

May 1, 2013
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Scott G.
Tenant
West Jordan, UT

It comes down to if you are giving your manager free rent and free utilities. If so the salary would be much lower. I talked with a property manager from The Preserve at Prairie Pointe and he get's a pretty good salary but doesn't have free rent. So it can go both ways.

Jun 6, 2013
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