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Updated about 10 years ago,

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J. Martin
Pro Member
#1 Real Estate Events & Meetups Contributor
  • Rental Property Investor
  • Oakland, CA
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Xmas/Holiday Bonuses/Gifts - Who do YOU give it to?

J. Martin
Pro Member
#1 Real Estate Events & Meetups Contributor
  • Rental Property Investor
  • Oakland, CA
Posted

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?

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