Since May 1st of 2011, BC's minimum wage has been increased every 6 months, with the final increase coming into effect on May 1st of this year. What does this mean to you as a landlord? If you own a building that has a 9 or more suites and have a resident manager or caretaker, their wage will need to be increased if you haven't already raised it.
The final increase on May 1st brought the minimum wage for managers/caretakers of buildings with 9 to 60 suites to $615 plus $24.65 per suite. If your building has more than 60 suites, the minimum salary is now $2,094.84.
Remember these amounts are the minimum; they are not necessarily what you should pay your on-site staff. Good managers and caretakers can be difficult to find - and minimum wage may not be the best way to attract the good ones.
The final increase on May 1st brought the minimum wage for managers/caretakers of buildings with 9 to 60 suites to $615 plus $24.65 per suite. If your building has more than 60 suites, the minimum salary is now $2,094.84.
Remember these amounts are the minimum; they are not necessarily what you should pay your on-site staff. Good managers and caretakers can be difficult to find - and minimum wage may not be the best way to attract the good ones.
The minimum wage for resident caretakers is a monthly wage based on the number of suites in the apartment building. Rv Rental
ReplyDeleteWhat else is typically included? Rent? Benefits?
ReplyDeleteWould one be responsible for collecting rent? 2094/mth doesn't sound like much to pay someone who you're trusting with a $30000-$60000/mth rent role. Not to mention the fact that they are managing a 3-5 million dollar investment.
I'm trying to learn what the minimum wage for resident caretakers was in 2002, and I can't find that information on the Labour Standards web site. I'd also like to know if has historically been allowed to adjust the minimum wage downward for management of multiple buildings
ReplyDelete