PM/ Owners Rep of Dev Company - Bonus + Let go? Advice?
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[{"id": "hs7unck", "text": "Yikes! that\u2019s pretty low", "replies": [], "depth": 1}, {"id": "hs824ys", "text": "Hmmm ... You've definitely fine some good work for them. I can see why you'd be feeling how you do. Hotels are no joke. I had to model them in my coursework and fuck that shit. I can see why developing then would be fun though. The finished product is sexy.\n\nAnyways, sounds like this firm treats ppl like shit. Might be best to just take what you can and run. Personally, I'd just take the bonus And tell them bye. If you stay, they'll probably overwork you cuz you're already on the way out and care even less Abt you.", "replies": [{"id": "hs83a7f", "text": "The bonus is tied to me finishing. Truth be told, its not a lot of work. Mostly managing a GC to finish and inspections, as the new owners already took possession of building operations.", "replies": [{"id": "hs84gao", "text": "Oh nice. Basically just punch it out?", "replies": [{"id": "hs8cgmq", "text": "That, and onboarding two tenants to building.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hs83z1h", "text": "Wow. Sorry. You did so much work. I lost all my property management contracts with ten days\u2019 notice in 2020 after getting the owners through a difficult tenant expansion while keeping two tenants\u2019 businesses open and then a very tough one-year DD process with a private equity buyer. I had to fight to get the last month\u2019s payment required by the terms of the contracts. \n\nI lost the contracts because one of the owners\u2019 relatives lost his income in the retail sector and needed a job. \n\nCommercial real estate is going through some very big transitions and potentially very tough times. I suspect your company simply doesn\u2019t anticipate the cash-flow to pay you and frankly is giving you the bonuses when they could easily rationalize not. I\u2019d recommend graciously accepting what they offer so you can count on a great reference and another two-and-half months of pay. You may have to work in a different field temporarily, but I\u2019m sure with your experience you\u2019ll be back in CRE once things shake out from the pandemic. Your transitioning of use experience will be valuable.", "replies": [{"id": "hs8ci8u", "text": "Thank you for the kind words.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hsabuce", "text": "I work in development and while every firm is different I would say a 50% bonus and a long timeframe for you to find a new job or transition is quite a nice way to let you go.  My perspective from someone on the otherside of these discussions is that they recognize what you admitted - your heart is not into it. The job doesn\u2019t get any easier as your progress, gain more experience, and move up the ranks. You aren\u2019t going to be successful long term without a passion for the work. They likely recognized that fact.\n\nAll that being said you have a lot of good experience and track record to build a great resume. I doubt you will have any problem finding a new role with at least the same salary or more. The question is whether that\u2019s what you really want to do for a career?", "replies": [], "depth": 1}]