Chimbu, that's correct and I think all posters so far agree on that.
The problem is that a lot of management companies are promising owners that they can do this and that for them, we can find type rated pilots for you so you don't have to pay for that either bla bla bla.... Everything they can, just to look cheaper than the competition and lure over aircraft owners from other management companies. Due to this practice a lot of aircraft owners will simply not accept the cost of type rating a new pilot anymore and this leaves operators with no choice but to chase up a rated pilot.