Holiday bonus for off-site property manager?

Started by KrisP • 2 replies • 1688 views

💬 Join us to post & get advice from 50,000 HOA & Condo leaders.

⚡ Takes 30 seconds

Already a member? Log in

KrisP (Illinois)
Posts: 6

Posted:

Is it common practice to give an off-site property manager a holiday bonus/tip? If so, are there any standards most communities follow? I live in a twenty-something unit complex and we generally give $200-250. Thoughts?

Thanks for your time!

p.s. sorry if this is a duplicate post. I tried searching for existing ones on this topic with no luck.

SusanW1 (Michigan)
Posts: 5,202

Posted:

I don't know if it's "commonly done." But it would be a nice gesture to show your appreciation.

Of course, treat this like an extra paycheck and do standard deductions, as you do for regular pay.

MaryA1 (Arizona)
Posts: 7,043

Posted:

Regarding bonus'; the only deduction that is required to be made is for S/S and medicare. This allows the employee to enjoy a little larger part of the bonus and really will not have much of an effect, if any, on his fed and state tax obligations.

🎯 You've read this entire discussion

Join the conversation with 50,000 HOA & Condo Leaders:

✓ Ask follow-up questions
✓ Share your experience
✓ Get expert advice
✓ Access 350,000 discussions

Create Free Account →

⚡ Takes 30 seconds

Already a member? Log in here