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Updated over 10 years ago on . Most recent reply

- Rental Property Investor
- Oakland, CA
- 2,925
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Xmas/Holiday Bonuses/Gifts - Who do YOU give it to?
A lot of people give out bonuses around the holidays to people that wouldn't normally get tips/bonuses throughout the year. Of course, many send out the picture xmas postcard too, but that's a little different.. Who do you give gifts or bonuses to in the RE world during the holidays? My plans for this year so far..
Handyman - $200-300.
He probably expects nothing because he didn't get one with last employer.. He works for me part-time, handles all my units, makes my life easy, and will be moving into my unit in exchange for work in early 2014. (Hmmm.. maybe I should give him more)
Backup call-taker when on vacation - $50 gift or very nice dinner.
He is a friend who is my backup call-taker for my tenants when I am on vacation, in case my tenants can't get ahold of my handyman. Never had to get a call yet (w/ 1.5mo absence). But important to me. He knows real estate/landlording and would be able to handle any issue or call someone who could take care of it, without getting ripped off.
Investor/Partner - Some bitcoin? Nice dinner? Something real-estate related? This is a passive investor who helped get a deal done with their JV support that I'd like to give a little gift to..
Tenants - the good ones - home-made cookies! Was going to buy some candy, but thinking about baking some cookies and giving them out, since I want some yummy cookies anyway, and can give some to co-workers. I like to do nice little things for my tenants.
Garbage Man - $20 or a 12-pack.
Maybe this is just because my dad used to work for a garbage company. He says bad to give out alcohol to drivers though.. This inexpensive gift may pay dividends later when you or your tenants have to pile your bins a mile high to get rid of waste/debris or ignore that block of cement in your trash can..
Apparently, these are the most important people in my real estate life.. I'm trying to think of who else I rely on..
Who in RE do you give gifts/bonuses to during the holidays, and how much?
Most Popular Reply

Nicole Williamson If someone makes your life easy, does great work and potentially saves you thousands of dollars throughout the year, what's $300? Plus the good will it'll buy you throughout the year is immeasurable!
Regarding giving tenants homemade cookies, unless it's a friend or family member, homemade cookies (or anything food-wise) skeeve me out!!! I'd rather get a $25 gift card to a local coffee shop or restaurant personally!