Flat Chat Strata Forum The Professionals Current Page

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  • #8095
    Bennifer
    Flatchatter

      We have a new owner who has decided that he doesn’t like paying high strata fees (who does) but he has decided to arrange an EGM and sack our current management company. Given that the owners present at the AGM set the fee structure and not the SM, its strange that some owners think the high fees are somehow the SM’s fault! The new owner has arranged a small band of owners (who do nothing) to support him because they all like the idea of paying less $$$. The company that he has selected have no website and are not a member of SCA and they are not even from our local area but they have promised the world for less money so that is all these owners care about. I also feel that our admin costs are too high but if there were less issues/problems in the building, we would have less admin costs, so its an issue due to the residents mainly. I have no idea how he found this company although he says it was from a recommendation from someone but it could just as likely be his cousin/relative for all we know! A large number of the owners in this block are uninvolved and have no idea about how much work is done by the EC and the current manager. My questions include- can we write to the owners about the proposed change or do we have to wait for the meeting to discuss our concerns? Is there any way of checking on this new company given that they have no website and I don’t know where to go to find any details about them? Does anyone have any suggestions about what we should be asking/doing/requesting because I am worried that this change will happen to the detriment of my home investment and I am reluctant to continue to work my butt off for a building where everyone else just wants nothing done to save money! Maybe I should just let the place fall down around me and not care like the other owners… PLEASE HELP!

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    Flat Chat Strata Forum The Professionals Current Page