Topic: Do management companies offer property managers free rent anymore?

I am curious...Do Management companies offer free rent anymore? I know each company has its way of doing things.

Is anyone willing to share what their standards for charging rent for the Agent on Site? Do you charged 2/3's the fair market value, a smaller portion or free rent? excluding tax credit properties

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My company offers the managers a free apt of their choosing. Maint 75% off leasing 35% off

$100 off rent for full-time employees only

We offer 20% off the market rent for all employees. No one is required to live on site.

We give a $200 monthly discount to any staff member (can also be extended to their immediate family) and the rent is deducted from the employees weekly paycheck, but it is deducted pre-tax so they end up saving even more!

30% off, however it' is part of your benifit package (salary wise). I don't know of to many management companys that "SAY" free rent, most of the time it is part of your salary.

20%

I believe anything over 20% has to be reported as taxable income

Our company which is in AL includes a unit as part of their in some properties on smaller properties they do no

25% off market for office
40% off market for maintenance
Were hiring in colorado

My current property charges full rent .. I get W/S/G free ... In my job hunt it has been found so far that it is 20% discount on most places..

20% discount

Manager and maintenance supervisor get free apartments

20%, anything over that is taxed

20% company discount and 30% if you live/work at same site.

Most managed communities do 20% still currently. Some privately owned assets may do rent free. I worked for a smaller company about 10 years ago, 100% rent free, I loved it!

About 20% here. We also get a phone allowance and mileage allowance.

Think it would be good if it can be clarified in the responses, if you’re managing in a state that requires an agent live onsite for larger communities such as CA requires.

I work for a Property management company in Portland Oregon, and the policy of employee rent discounts/ free rent depends on the type of property.

For instance, if the property requires the manager or maintenance tech to live on site, the tech's or manager's rent is part of their compensation package.

Most properties offer some kind of rent discount for their site staff. Usually 15-20% off the market rate. The last property I worked for and lived on site gave me a 15% rent discount, a free parking space, a free storage unit, waived my monthly utility fee, pet rent, and all security deposits.

I know a manager who works in lease up, and she has negotiated free rent multiple times when offered a position that required her to relocate to a different city. This was not part of the typical compensation package, but there is a labor shortage in my region and an experienced property manager (especially in lease up) can pretty much write her own ticket.

Personally, I don't want to live on site again. The residents were very respectful of my free time when the office was closed and emergencies are rare (only 2 after hours calls in the year I lived there).

But living with my customers all the time means that every time I step out my front door, I had my customer-service smile plastered on my face. I felt uncomfortable letting my hair down at home. I was concerned that if I argued with my spouse, had too much to drink, or even had a bad day and was visibly upset in public and wasn't just "Little Mary Sunshine" 24/7 around our residents that I'd risk losing tenants because I wasn't professional 100% of the time I lived on the property.

Maybe not everyone has this level of concern with being seen as acting unprofessional around tenants, but I was constantly worried that by simply living my life, with all it's ups and downs, would get me fired and leave me scrambling to secure housing with extremely short notice (my contract gave me 24 hours to vacate in the case of firing).

Now, I live near the property I manage, but I don't live on site. Should an after hours emergency call come in, I'm just a 10 minute drive from the property and I'm able to feel comfortable and relax at home without worry that I might be bothering my customers and endangering my position by simply having a life.

My recent employer provided me full rent comp and utilities as part of my salary but I had that for 14 years! I notice it is offered less nowadays but I still see plenty of manager positions that advertise full rent comp as part of salary here in CA.