What is the going discount rate these days on an apartment for an on-site manager?

I am part of a start up property management company and we are advertising for an on-site resident manager. I have worked for companies that comped the entire apartment and ones that only give a 20% discount. What is the going percentage discount rate these days for an on-site manager?

Google it for your area it will tell you property managers salary for your area

I get free rent!

Our resident manager is paid $400 for a 172 unit luxury property

I’ve seen mostly 20-25% for a stabilized property but anywhere from 50-100% for a lease up.

We do 20%.

20%

It depends some people like the discounted rents and some like the additional compensation

I get free rent

It looks like you may be in California and if so, the on-site manager is a legally required position (if building is 16+ units)and there’s state minimums for their housing discount and hourly wage. There are various ways to do it and if your a member of CAA they have great resources and a license to use agreement (do not put the on-site on a lease in CA due to rent control and other legal issues). If not a member of CAA, consult your attorney. Here’s a quick article I found that doesn’t require membership to log in. www.aoausa.com/.../new-resident-manager-laws-for.../

I received 100% but a slightly lower salary in exchange. Once I bought a home my salary was increased a bit.

We get 50% off

..20%

Negotiate what works for both of you!

I’ve been at 100% most of my career, but i primarily do lease-ups and have extensive experience. Depends on the locations, the property, the type of candidate you desire.

I would not provide housing until after 90 days of employment, especially with all of the restrictions on evictions at this time. Make sure it’s going to work out before moving an employee onto the property, you risk the relationship with the client if things do not work out and you cannot get the unemployed former employee out of the unit, especially as a start up you need to be cautious and CYA.

for a manager it should be 100%

20% but a client may approve an additional allowance.

We offer a standard 30% discount regardless of position.

Free for Manager and Maint Supervisor 25% off the rest of the staff

Free for Manager and Maint Supervisor 50%

Managers 100% maintenance supervisors 100% anyone else 20% managers and maintenance supervisor should be allowed to move on site immediately as their position is a 24 hour salary position employees Leona and 90 day probation. Unless you make an exception and then that exception needs to be for everyone else that’s how we did it in my former companies

Comped 100% for pm or maintenance manager
50% for APM or LM
20% for everyone else

Me and maintenance supervisor always got 100% off! I wouldn’t have lived there for less!

100% of a 1 one bedroom

As posted above CA is a different animal. However, if it is only company required and not mandated by state law, there really should be a 100% discount on a set size apartment, say a 2 BR. If they choose a 1 BR, I would add the difference between market rent prices to their salary. For a 3 BR, I would deduct the difference from their pay. You can also change terms if there is a more qualified person that you prefer over other candidates as a negotiation tool.

I say this because in states that an on-site manger is NOT required, you are already lessening your available labor pool. Current homeowners or those that live under an existing lease would be eliminated. Although, again for the right candidate, you could reimburse all or a portion of the lease term fee.

100% of a 2-bedroom and nothing less.

Free for manager n Maintenance supervisor. 30% for the rest of staff

20% regardless of the position

Is the market value of the free rent considered taxable income to the manager?

After 90 days our standard is 20%, but that's also negotiable.