[threelittlegems]

Changed my mind.

This post has been edited by threelittlegems: 15/12/2012, 06:03 AM

[threelittlegems]

No one has any thoughts to add?


No one has any thoughts to add?

[Ehill]

I think you do have to take some responsibility......noone held a gun to your head to take their apartments on nor did anyone hold a gun to your head to agree to 10%.

BUT having said that if you are not happy, you should most definitely cut ties on a business level. I think your date of 30 June is a good idea, plenty of time for them to find new managers. When giving reasons you need to keep everything professional and simple. Saying things like 'you crashed my business from day 1' just sounds petty and sour grapes. Nothing wrong with crashing businesses if everyone makes money and it works out!

Congratulations on building up such a great successful business.

[threelittlegems]

[ (

This post has been edited by threelittlegems: 15/12/2012, 06:04 AM

[mpjp]

Am not sure what thioughts you are looking for if you've already resolved by deciding to no longer manage their apartments after June?

I think its just a lesson that family and business dont mix!

[threelittlegems]

.

This post has been edited by threelittlegems: 15/12/2012, 06:05 AM

[whathousework?]

It sounds like you know what you're doing and have real passion for it. It also sounds like they saw you as a way to increase their wealth, but they don't have the same passion and resources you do and that they have sour grapes over your success. If you want/need to stay in their lives, I'd stop doing business with them. Yes, it will make the relationship strained in the short term, but it will/should blow over eventually. The alternative is to stay in business with them and continue to have this stress.

[PussyDids]

Yeah I'd telling them that it isn't working for you either so it's best they get new management.

They'll probably be p*ssed off, but they are now, so what's the difference? Other than you won't have the pain of dealing with the property.

[jennywin]

Dont do busines with family and friends? Advice that I have recieved and stuck to happily!

[mpjp]

I guess it is just the boring:

- do you think I'm right

- have I missed something

- would you be happy with $900 per week for an apartment which cost $600k (with furniture)

I'd be estatically happy with that return - especially on ST accomodation - as pp said it sounds like you've built a great business there.

But...given how it seemed you felt annoyed from the word go I probably would never have gone there in the first place - but I realise this is easier said than done with insistent, persistent family members.