how much to pay a contractor monthly for maintenance?

I have a rental property which is 100 years old, 1200 sq ft and 3 bdrm and 1 bath. the rental fee per month is $700. I want to hire or cooperate with a contractor (Chinese also). I am thinking to give him 1/7 (14.3%) of the rental fee per month, and in return, if there is any maintenance issue, he has to fix it for free. I will also be responsible for the material cost, he just does the labor. Is the fee too high or too low? How much is typical?

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$100/month is low. -nonego- 给 nonego 发送悄悄话 (140 bytes) () 12/10/2008 postreply 09:20:38

Please advice how much should be paid monthly not by hours -DeanNg- 给 DeanNg 发送悄悄话 DeanNg 的博客首页 (286 bytes) () 12/10/2008 postreply 09:26:40

It is not going to work that way. -cultuslake- 给 cultuslake 发送悄悄话 cultuslake 的博客首页 (556 bytes) () 12/10/2008 postreply 09:20:51

Thanks for your very valuable answer, please read more details i -DeanNg- 给 DeanNg 发送悄悄话 DeanNg 的博客首页 (490 bytes) () 12/10/2008 postreply 09:34:09

It's more like a partnership, his labor has 14% shares in it. -DeanNg- 给 DeanNg 发送悄悄话 DeanNg 的博客首页 (0 bytes) () 12/10/2008 postreply 09:45:17

It's not a good business model. -屋漏痕- 给 屋漏痕 发送悄悄话 屋漏痕 的博客首页 (176 bytes) () 12/10/2008 postreply 09:53:26

Thanks, but I need to know the average labor cost per month -DeanNg- 给 DeanNg 发送悄悄话 DeanNg 的博客首页 (375 bytes) () 12/10/2008 postreply 10:04:52

It is wrong mentality to think about partnership. -cultuslake- 给 cultuslake 发送悄悄话 cultuslake 的博客首页 (671 bytes) () 12/10/2008 postreply 09:58:44

回复:It is wrong mentality to think about partnership. -DeanNg- 给 DeanNg 发送悄悄话 DeanNg 的博客首页 (201 bytes) () 12/10/2008 postreply 10:31:35

Labor costs probably varies from city to city. -cultuslake- 给 cultuslake 发送悄悄话 cultuslake 的博客首页 (388 bytes) () 12/10/2008 postreply 10:57:24

Thanks. Here the labor cost is just $15/hour -DeanNg- 给 DeanNg 发送悄悄话 DeanNg 的博客首页 (0 bytes) () 12/10/2008 postreply 11:06:54

Good for the landlord. -cultuslake- 给 cultuslake 发送悄悄话 cultuslake 的博客首页 (45 bytes) () 12/10/2008 postreply 11:43:31

I just use Chinese and Mexicans, sometime blacks -DeanNg- 给 DeanNg 发送悄悄话 DeanNg 的博客首页 (402 bytes) () 12/10/2008 postreply 13:19:54

I agree with cultuslake. -nonego- 给 nonego 发送悄悄话 (97 bytes) () 12/10/2008 postreply 09:56:38

回复:I agree with cultuslake. -DeanNg- 给 DeanNg 发送悄悄话 DeanNg 的博客首页 (113 bytes) () 12/10/2008 postreply 10:32:40

too high -caliber- 给 caliber 发送悄悄话 caliber 的博客首页 (370 bytes) () 12/10/2008 postreply 12:03:03

U R right, almost like insurance -DeanNg- 给 DeanNg 发送悄悄话 DeanNg 的博客首页 (1118 bytes) () 12/10/2008 postreply 13:08:47

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