Jimmy Thomson from the Flat-Chat website wrote a great post on the importance of good strata managers.
“Fair Trading … received 800 enquiries about strata managers and 48 official complaints last financial year – a rise of 50 percent on 2014-2015.”
“Strata schemes can be cash cows where, often, investors vote for the lowest cost option while the residents – owners and tenants – pay the price in poor service.”
We would like to add to this, that poor advice received from your strata manager can often carry a high hidden cost to the strata plan.
Jimmy also mentions the use of so-called Schedule B charges as a way for strata managers to boost their income. At Premium Strata, we do not charge Schedule Bs. We offer all-inclusive fees, with no hidden costs.
Check out the full article using the link above