Guest InsiderCrystal Vanderford hmmm, I was kinda looking down by Destin and was rather surprised on the lower wages.
Brianna PattonCrystal Vanderford this seems on par to what I was making as an assistant. I got 14.5 in st Augustine, 16 in St Pete with 4years experience
Guest InsiderWhat is the average for an Assistant Manager in Florida for a LIHTC community?
Guest InsiderIt should also be based on the area’s COL.
Guest InsiderThe cost of living has gone up 7 to 10% so when you give an employee a 3% increase you are actually giving them a decrease in pay
John SigmanI just read that rent increases in Las Vegas have averaged 17% this year....you are going to give the people collecting that rent a 3% increase?? Where do you think they live? If not your property, another that has raised rents like that. 3%?? You deserve the turnover you are going to face.
Guest InsiderJohn Sigman oh yeah. I couldn’t afford to live at my property. Not even close.
Michael HernandezWow, 12%? Really? When gas prices and other expenses go down, can I get that money back? No..? Didn't think so. Take your 3% as the gift it is and ask for more when you increase your professional contributions.
Guest InsiderSome of our vendors are doing 15% increases for pricing costs. Havent heard much for employer yet!
Guest InsiderDepends on current rate compared to market scale for the position, product type, location, and most importantly the merit of their performance.
Guest InsiderHave any of you heard of Dan Price? Check him out. I find it hard to believe that these PM companies cannot pay the employees who work for them a higher wage. They choose not too. If you don’t qualify to rent from your employer you are poorly paid .
Guest InsiderDonna Henrickson amen! What needs to happen is pay the employees and reduce their burden on the client so that it helps support the employee without such a huge hike to their clients.
Guest InsiderDonna Henrickson that’s so fascinating, we raised our rents in June and most of my staff can’t afford to live where we work Crazy!!!
Guest InsiderSamantha Stull what we were talking about
Guest InsiderShane Spencer Big companies have spent 5x more on shareholders than employees in the pandemic. Some examples to put this in perspective:Lowe's pays its median employee $24,600. In the pandemic it has made $12.6 billion in profit and put $13 billion into stock buybacks. If it had given the money to employees, they would make $61,100.Their main competitor? Home Depot pays a median of $27,400. In the pandemic it made $23.7 billion in profit and put $10.3 billion into stock buybacks. If it had given that money to employees, they would make $48,000.How about Target? It pays $24,500. It made $9.6 billion in profit and put $5 billion into stock buybacks. If that money went to employees, they would make $36,800.Best Buy? Median pay: $30,500. Profit: $3.8 billion. Stock buybacks: $2 billion. If it had given that money to employees, they would have made $50,000.Dollar General workers make $16,700. The company made a $3.8 billion profit and spent $4.5 billion on stock buybacks. If that money...Shane Spencer Big companies have spent 5x more on shareholders than employees in the pandemic. Some examples to put this in perspective:Lowe's pays its median employee $24,600. In the pandemic it has made $12.6 billion in profit and put $13 billion into stock buybacks. If it had given the money to employees, they would make $61,100.Their main competitor? Home Depot pays a median of $27,400. In the pandemic it made $23.7 billion in profit and put $10.3 billion into stock buybacks. If it had given that money to employees, they would make $48,000.How about Target? It pays $24,500. It made $9.6 billion in profit and put $5 billion into stock buybacks. If that money went to employees, they would make $36,800.Best Buy? Median pay: $30,500. Profit: $3.8 billion. Stock buybacks: $2 billion. If it had given that money to employees, they would have made $50,000.Dollar General workers make $16,700. The company made a $3.8 billion profit and spent $4.5 billion on stock buybacks. If that money went to workers, they would have made $35,400.The list goes on. When things are going well, big companies give money to shareholders and execs. When things are going poorly, companies cut worker pay and jobs.Show more
Guest InsiderShane Spencer this is from Dan Price: My company pays an $80k min wage, lets people work wherever they want, has full benefits, paid parental leave, etc.We get over 300 applicants per job."No one wants to work" is a hell of a way of saying "companies won't pay workers a fair wage and treat them with respect."
John SigmanDonna Henrickson Your leasing agents/porters/maintenance folk all make $80K???
Guest InsiderJohn Sigman yes. I make more because I am the PM. And get this I have one maintenance manager, leasing agent part-time who gets a very good salary and commission and then myself for a 200 unit building. We work Monday to Friday 7 AM till 3:30 PM.
Guest InsiderDonna Henrickson and a rent discount for those who live at any of the properties. I have a master key where I live down the road from the 2 properties I manage for the same company. I have saved a door from being axed down by the fire department for a medical call when they could get in. I was relaxing on my balcony and saw them coming with an ax and knew what was probably about to happen. I quickly met them at the elevator to let them into where they needed to go. You know, things like that? No rent discount for me though.
Guest InsiderI know ftw is paying leasing agents around $16 an hour plus bonuses and commissions
Becky DotsonIt is usually 3%. I wish they would consider a profit share for employees.
Guest InsiderDon't know but they better come up with something good
James ShannonA realistic number should be 12% across the board. This can be done as bonuses so it’s performance based. That number comes from 3% average increase plus current inflation of 9%.But inflation should go down in 9-12 months.