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- If your company allows management to live on-site, what type of rent discount do they offer?
If your company allows management to live on-site, what type of rent discount do they offer?
Topic Author
Tracie Clemenz
3 years 4 days ago #54295
by Tracie Clemenz
If your company allows management to live on-site, what type of rent discount do they offer? was created by Tracie Clemenz
If your company allows management to live on-site, what type of rent discount do they offer? Ours offers a flat $200 discount per month. Looking for industry norms……..
Topic Author
Rebecca Ann
3 years 4 days ago #54296
by Rebecca Ann
Replied by Rebecca Ann on topic If your company allows management to live on-site, what type of rent discount do they offer?
20%
Which is crazy since the courtesy officer gets 50%
Which is crazy since the courtesy officer gets 50%
Topic Author
Ashley Eva
3 years 4 days ago #54297
by Ashley Eva
Replied by Ashley Eva on topic If your company allows management to live on-site, what type of rent discount do they offer?
The reason most do 20% is because anything over that, you have to claim as income and pay taxes on
Ive negotiated 50% before and paid taxes on the 30% which came out to about $160 a month out of my paycheck
Ive negotiated 50% before and paid taxes on the 30% which came out to about $160 a month out of my paycheck
Topic Author
Eddie Ivey
3 years 4 days ago #54298
by Eddie Ivey
Replied by Eddie Ivey on topic If your company allows management to live on-site, what type of rent discount do they offer?
We offer 30%
Topic Author
Glenn Evers
3 years 4 days ago #54299
by Glenn Evers
Replied by Glenn Evers on topic If your company allows management to live on-site, what type of rent discount do they offer?
That can be all over the place. Most discounts are 20% as anything more should be taxed as income.
Topic Author
Margot Brown
3 years 4 days ago #54300
by Margot Brown
Replied by Margot Brown on topic If your company allows management to live on-site, what type of rent discount do they offer?
We offer 50-100% for maintenance team members and 20% for everyone else.
Topic Author
Amanda Rupp Lynch
3 years 4 days ago #54301
by Amanda Rupp Lynch
Replied by Amanda Rupp Lynch on topic If your company allows management to live on-site, what type of rent discount do they offer?
20% unless higher discount is negotiating with salary and approved by ownership.
Topic Author
Jonathan Leake
3 years 4 days ago #54302
by Jonathan Leake
Replied by Jonathan Leake on topic If your company allows management to live on-site, what type of rent discount do they offer?
20% for full time employees. 10% for part time.
Topic Author
Jodie Darden
3 years 4 days ago #54303
by Jodie Darden
Replied by Jodie Darden on topic If your company allows management to live on-site, what type of rent discount do they offer?
100% but I am required to live on site.
Topic Author
Angela Taylor
3 years 4 days ago #54304
by Angela Taylor
Replied by Angela Taylor on topic If your company allows management to live on-site, what type of rent discount do they offer?
Exactly - if living on site is required you can get 100% per the IRS without it being recordable income with taxation
Topic Author
Ursula Gerson
3 years 4 days ago #54305
by Ursula Gerson
Replied by Ursula Gerson on topic If your company allows management to live on-site, what type of rent discount do they offer?
20%, but during lease up it is 50%.
Topic Author
Kelsey Johnson
3 years 4 days ago #54306
by Kelsey Johnson
Replied by Kelsey Johnson on topic If your company allows management to live on-site, what type of rent discount do they offer?
Nothing. Maybe a free garage spot, but no other discounts. Full market rent.
Topic Author
Angie Russell
3 years 4 days ago #54307
by Angie Russell
Replied by Angie Russell on topic If your company allows management to live on-site, what type of rent discount do they offer?
I feel Industry norm is 20%. My company does 30%.
Topic Author
Anonymous
3 years 4 days ago #54308
by Anonymous
Replied by Anonymous on topic If your company allows management to live on-site, what type of rent discount do they offer?
20% was ours. Only 2 staff members could live onsite.
The other property I was at required a staff member to be onsite so their apartment was free because they were a key holder, so they dealt with lock outs.
I think it’s also entirely dependent on owners as well and what you can fit into the budget.
The other property I was at required a staff member to be onsite so their apartment was free because they were a key holder, so they dealt with lock outs.
I think it’s also entirely dependent on owners as well and what you can fit into the budget.
Topic Author
Chuck Minning
3 years 4 days ago #54309
by Chuck Minning
Replied by Chuck Minning on topic If your company allows management to live on-site, what type of rent discount do they offer?
They required me to live on site... so it was free rent... now it's full price now that they are selling
Topic Author
Cynthia Purcella Fox
3 years 4 days ago #54310
by Cynthia Purcella Fox
Replied by Cynthia Purcella Fox on topic If your company allows management to live on-site, what type of rent discount do they offer?
Employment 90days to 8 years 25 %. After 8 years 50%
Topic Author
Ariel Diaz
3 years 4 days ago #54311
by Ariel Diaz
Replied by Ariel Diaz on topic If your company allows management to live on-site, what type of rent discount do they offer?
50% for service managers and 20% for all other employees.
Topic Author
Susanne Henderson Chandler
3 years 4 days ago #54312
by Susanne Henderson Chandler
Replied by Susanne Henderson Chandler on topic If your company allows management to live on-site, what type of rent discount do they offer?
Management gets a free apartment and electricity paid (water already included)
Owners benefit from having an on-site presence.
Owners benefit from having an on-site presence.
Topic Author
Betty Wright
3 years 4 days ago #54313
by Betty Wright
Replied by Betty Wright on topic If your company allows management to live on-site, what type of rent discount do they offer?
Free
Topic Author
Tye Kennedy
3 years 4 days ago #54314
by Tye Kennedy
Replied by Tye Kennedy on topic If your company allows management to live on-site, what type of rent discount do they offer?
Typical…IRS states no more then 20% unless required in contract. Required in contract can mean 100% comp’d, or 50% comp’d and leaves you responsible for utilities.
Topic Author
Sara Hackett
3 years 4 days ago #54315
by Sara Hackett
Replied by Sara Hackett on topic If your company allows management to live on-site, what type of rent discount do they offer?
We only get $100 if approved and if we own the property. Most of our employees are residents managers and they get anywhere $300-500 off monthly but are on-call after hours for lock outs and noise complaints.
Topic Author
Jeannie Surowic
3 years 4 days ago #54316
by Jeannie Surowic
Replied by Jeannie Surowic on topic If your company allows management to live on-site, what type of rent discount do they offer?
5% during probationary period. 20% after.
Topic Author
Alexus Alexus
3 years 4 days ago #54317
by Alexus Alexus
Replied by Alexus Alexus on topic If your company allows management to live on-site, what type of rent discount do they offer?
Managers 50% everyone else 30%
Topic Author
Michael Crain
3 years 4 days ago #54318
by Michael Crain
Replied by Michael Crain on topic If your company allows management to live on-site, what type of rent discount do they offer?
35% in higher rent areas such as where im at in Seattle. Also applies to our properties in San Fran, New York. Etc. Otherwise I believe it's 20%. I work for Brookfield Properties.
Topic Author
Sherry Tompkins
3 years 4 days ago #54319
by Sherry Tompkins
Replied by Sherry Tompkins on topic If your company allows management to live on-site, what type of rent discount do they offer?
We are a fee management company. The REMM Group policy varies from property to property. If the owner requires you to live on-site then it is covered 100%. Some only get 20 or 30% and others don’t get a discount. However, their salary reflects that. We all pay our own utilities.