In the case in question, $21,500 per year to manage 25 units is exactly $15 per unit per week for a year (plus GST).
But Peter is right, break it down and a massive figure can seem reasonable.
The proxy farmers (mostly retirees on fixed incomes) who run my building tried to cut concierge services to the bone, giving us a “massive saving” of $50,000 a year.
I campaigned against it, pointing out this represented a cup of coffee per resident per week while the “saving” would reduce the average value of our homes by about 5 to 10 percent, according to a top local real estate agent.
The move failed, the concierges survived and I have never been forgiven