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Multi Family (5+ Units)
Moderated by: joel, commercialking, woodsong, ypochris
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Real Estate Investing Forum Index / Multi Family (5+ Units) / Tipping The Property Manager?

Author

Tipping The Property Manager?
oscar07

19 Posts  
Member Since: 09/01/2007
Milford, CT
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What's My Favorites Network?		 Posted: 09:06 on 12-10-2007   
With Christmas around the corner and a lot of gift-giving going on, I was wondering what your thoughts were about tipping your building manager.

This will be our second Christmas owning a 6-family building, and first for a 34-unit building. I'm not sure what's appropriate, if anything, as a Christmas bonus. And should performance be factored in at all? We were close to firing our management company for the 34-unit building just a couple of months ago.

I would love to hear what any of you are doing. Thanks!
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ypochris



2200 Posts  
Member Since: 03/22/2006
Lansing, MI
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What's My Favorites Network?		 Posted: 09:24 on 12-10-2007   
Tips are supposed to be a reward for good performance. If you were close to firing them, they certainly don't deserve a tip!

By the way, I am moving this to multi-family.

Chris

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cjmazur

4284 Posts  
Member Since: 07/23/2003
Cupertino, CA
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What's My Favorites Network?		 Posted: 13:19 on 12-10-2007   
I would sent something to the office/support staff as they do the work and he gets the cash.
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