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Showing posts with the label property manager

Strata Boss - Identify Who is Responsible

When dealing with strata living and issues related to a unit or common property it is crucial to identify the responsible party as soon as possible! Having ceiling falling on your tenants or your beloved cat and dog? Need to paint the door to your unit? Waterproofing is not functioning? Other major or minor issues with the unit? Regardless of the severity of the problem, you can spend months before you realize that the reponsibility is not yours, but either a builder or owners corporation. In addition to that you may spend some money on investigation and/or fixing the problem which is not yours. Fortunately there is a tool which can help you out identifying who is responsible and where you can start your claims and/or fixes: http://strataboss.com.au The tool is simple - choose where the problem is located, what is the problem and see who is responsible - you as an owner or owners corporation as a whole (which will potentially save you a lot of money in some cases). Enjoy!

Construction issues resolution in Sydney - Part 15

This post is a continuation of the long process that started in December 2011 and is still going. Here’s the link to the whole story: http://traveloga.blogspot.com/p/home-building-issues-sydney-experience.html An idea of this publication is to draw attention of people who are interested or involved in the building industry, property market, construction, property development and property management and ownership. That should help to raise awareness and to ignite conversations with relevant people in law making, business and other communities who could take this information to account when they dealing with relevant matters and think about quality of the work and of research and education. This matter is about building defects that are covered by statutory warranty, but in reality are covered by rather a joke. Well to be fair to all parties some minor defects (that are similar to paint a crack or to replace broken toilet paper roll holder) were brilliantly rectified by the resp...

Property Management - Delegation of Duties

As I explained in the previous post , communal ownership like strata title implies duties and responsibilities of all owners. This is not quite comfortable idea for majority of property owners. If we consider current unit/apartment prices in Sydney as an example the reasons of it would become apparent. In addition there is a particular feature of Australian lifestyle which is politely described as being laid-back. Strata owners have to regularly contribute money into an account specific for administration and maintenance of the building and common property. Here’s where majority of property owners in such titles limit their duty and responsibility in relation with the communal well-being and problems. However this is not enough. Some owners contribute their time to present at the meetings as an executive committee and once a year for all owners meeting, i.e. out of 28 units there are 4-5 units that consistently are involved. That doesn't mean involvement after or in betwee...

Strata Essentials for Property Owners - Responsibility

If you talk to people who own apartments/units in NSW 99% of them will say something like "our strata is totally dysfunctional" and some of them might say "our strata management is quite good". Below I will explain what they mean by saying that, because what they are referring to may be quite different from what they say. Term "strata" is used by majority as something that relevant to ownership, management and ongoing maintenance of a block of units. The concept of strata title was introduced in 1961 in Australia to deal with property rights of apartment blocks. Strata title allows individual ownership of "a lot" which is part of the building (apartment, unit, townhouse) together with shared ownership in the "Common Property" which is the remainder of the building that is not included in the individual lots (i.e. walls, roofs, foyers, planters, pathways, parking etc.). This is a type of communal ownership and living. The keyword...