Onsite building managers are often accused of being able to proxy farm and unfairly effect the outcomes of strata meetings. These accusations tend to overlook two key facts. Fact 1 – All owners can proxy farm. Fact 2 – Even if the farming is successful,...Read More
Every caretaking agreement I can think of requires the building manager to supervise something. For example, the building manager must supervise the plumber when they are fixing a tap on common property. The amount of time and effort required to supervise a task, and...Read More
CLARIFYING YOUR LETTING APPOINTMENT FEES AND CHARGES A common issue I encounter when reviewing Letting Appointments (the agreements entered between the letting agent and the lot owner) is that the fees and charges shown in the Letting Appointment are vague and...Read More
For all you management rights operators out there, I believe that there are five (5) basic rules you need to follow, to ensure that you protect your considerable investment in your business. Treat your owners as your partners Never, never, never take your owners for...Read More
This month I am encouraging all building managers who operate a letting business to do a quick health check on how they handle GST on room tariffs and rent charged to guests and tenants. In the ordinary course of a standard letting business, individual owners (who...Read More
Forget what you think you know about Managed Investment Schemes in a Management Rights business. Or, more accurately, try to remember what your lawyer told you about Management Investment Schemes when you bought your Management Rights business and forget what everyone...Read More
