If you’re feeling this financial crisis personally, then it might be time to try and cut corners wherever possible. One great way to cut your housing costs is by becoming a residential property manager for your landlord?s complex. If this position isn’t open at your current apartment and your lease is about to expire, consider moving to a complex where you can become the residential property manager.
Typically residential property managers receive a break on the rent they must pay in return for handling a few aspects of managing the property. If you’re more skilled and qualified you might be able to find a landlord that needs a fulltime manager for his or her properties and then you’ll not only receive free housing, but you will most likely get a stipend on top of that.
Being a residential property manager means you handle certain specified operations of the property and it tends to vary from property to property. In general you will be responsible for small maintenance and upkeep around the property and filtering tenant’s phone calls and requests. You’ll also be “on call” and expected to respond to emergencies immediately. On the other end of the spectrum you would also add all of the financial responsibilities of the property to your duties as well as screening and selecting the most appropriate tenants. And in bad times, you’ll be forced to handle evictions and the legal proceedings connected to this.
