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Is it proper procedure give a property manager a bonus,out of the condo funds(condo itself--board approval)or the unit owner gives or none
at all. I know the super or,handyman etc. gets.
you are kidding, right?
All our staff (e.g.: building / property manager, superintendent and assistant superintendent, maintenance, porters, etc.) are employees with the exception of the security staff who are provided by an outside firm.
Yes the three key individuals receive a bonus.
Yes = bonuses, a luxury self managed co-op with 490 units
Our property manager, superintendent and assistant superintendent are employees. As part of their employment package (contracts) they are eligible for a bonus based on their work performance.
Several board members (not all) meet near year end to review salary increases and to determine their bonus ($ thousands).
This is paid from the co-op’s ordinary operating funds.
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... not in my building. Super only.
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