Found out a week ago that owners are selling all the properties that we manage since the market is hot and they see the bubble busting soon and wanna cash out now... sold all their vacation homes they rent out all year in Lake of the Ozarks and Turks and Caicos already...
99% sure losing our jobs... pretty typical when a new owner comes in to clean house and install their own people to run it... even though we are profitable...
I already know our boss is gonna make damn near a million off his commissions of these sales.. "promising" us severance packages (said I'd get 35K) to stick around til the property sells.. meanwhile can't really look for a job since we don't have a clue when the place is gonna sell (they hope 1st of the year).. when asked about our paperwork we just hear "it's still with the attorney... maybe a day or two more" which only leaves me to believe they are trying to pull some shyt..
Basically all of us that manage all the properties are walking on eggshells trying to scramble to figure out what we are all gonna do at this point and it's driving us all insane
Walking away from property management after this... these tenants are the fukking worst and I've been doing this for 11 years.. it's a soul crushing industry because nobody has your back... the tenants treat you like we are slaves, lie, intentionally break shyt and so on... Upper Management doesn't give a shyt... they just wanna bytch. Our boss is an overbearing micromanager, he has to know about everything, but if something goes wrong... he denies he knew anything about it and tries to blame us. Sends mass emails to everyone in the company (a total of 5 people) berating people for everyone to see... and is just a gaping a$$hole in general.
So many moving parts right now on living conditions coming up (sister is trying to buy a house since she stays in mine and I was getting free rent to stay on site but she cant buy a house since we are losing our jobs and she wouldn't get down payment money til after the place sells... and that's not a for sure thing that we have a date on)... doing this around the holidays means we gotta watch our spending which is gonna bring a downer on everyone for xmas and shyt...
I'm planning on taking a few months off when this is over... maybe take off the winter so I don't have to deal with the snow and ice and just sit home and watch NBA and shyt and live off the severance for a bit... maybe drive for doordash or uber eats or some shyt in spare time for a couple bucks... Just thinking out loud... but my mind is all over the place right now..