Quote:
Originally Posted by berettafan
The reverse should be true. Anyone managing a couple hundred homes should probably have their own painters on payroll.
Property managers here will demand a cut of any work they 'award' to subs. Last figure quoted to me by an Hvac guy soliciting a contract from a property manager was 10%. My guy (Hvac guy) was shocked to find out the mgt bsns is so sleazy.
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Thanks for the heads up on this one. Am on a condo board and our building has 57 units. The management co. charges the owners a total of $2300Can. a month for running the building. We vote on contracts awarded to contractors and I can see how easy it is for contractors to give kickbacks to the management co. In terms of accounting then it is probably easy for the management co. to hide these kickbacks from the owners and possibly the govt. for tax purposes.
Cheers, Guy