Saturday, December 24, 2016

Friday

Just to elaborate a little more on the financial advantages of being an apartment building employee.

An average New York City apartment building has 100-150 apartments. A super gets about $70,000 annual salary plus free apartment, garage space and utilities. Since most of them belong to a union they also get union benefits like health insurance and pension. Paid vacation goes without saying.

If he does any kind of repair service during the year the tenants always tip him. At least I do if I ever want him to respond to when I ned him.

So figure 150 apartments. Christmas comes and most of the tenants give him some money. Depending on the affluence of the building that is how much he gets.

Let's say $50 average per apartment and assume 80% of the tenants who give an envelop. That comes out to be $6,000 cash and tax-free. And I am convinced that this is a low number.

Still, that is not a bad Christmas present.


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