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Proven approaches exist for discouraging payoffs. (advice for for property owners and managers to curb practice of building contractor payoffs to property managers to obtain favor) (Insider Outlook) (Column)
Real Estate Weekly
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April 20, 1994|
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COPYRIGHT 1994 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Owners and executive-level managers must recognize, with conviction, that proven approaches exist for discouraging the practice of payoffs to property managers by contractors.
Company culture, education and a "checks and balances" system of procedures can all be employed effectively in fighting payoffs.
Peter Loughran, CPM, a well-respected mentor to myself and many others in this business, served to demonstrate this premise.
Peter, as director of the management department of a large real estate company, spoke at department meetings of his enmity ...
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