Quote:
Originally Posted by Vin
Make one: anything less is gross incompetence.
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Who owns these properties lol? I usually agree with you but your idea about holding managers responsible is insane. Its like if the Owner of a McD refuses to pay for proper maintenance and a customer trips, suddenly they can sue the manager and the Owner gets off?
You want an employee making 50k a year to be responsible for millions, possibly 10's of millions?
Yeah not happening. You might as well eliminate the job entirely because no one would do it when there's a 🞵🞵🞵🞵🞵🞵 wage, 🞵🞵🞵🞵🞵🞵 hours, 🞵🞵🞵🞵🞵🞵 clients, and constant bankrupting lawsuits.
I have one private story to share that was word of mouth. One property manager was managing a large building and the former council president was being investigated by the police for stealing $100's of thousands. As it was an active investigation he could not discuss it. That guy and his friends were re-elected at the AGM. He then asked for control of the accounts so he can write the cheques. The Property Manager went to the Real Estate Council and disclosed his concerns. The REC said he must listen to the orders of the Strata Council, no exceptions. The Property Manager resigned rather than be party to the President stealing more money. The next Property Manager of course did not know about the background and gave him the chequebook. But it wouldn't matter if he did, the Property Manager is an agent of the Strata, with few exceptions he must listen to Council's instructions even if they are wrong. If a Strata Council steals money or makes stupid decisions thats an internal dispute of the Strata. The Property Manager is there to serve.