I have been reading some of your posts about offtheplan and consortiums and am feeling very worried. We invested in 2 nras property last year , the off the plan is due in 2014, nothing we can do about that now , i guess. But my question is whether there is any hidden problems I dont know about regarding consortiums and PMs, the property we have in Bendigo is one of 14 nras units and the first owners meeting is next week. I thought that Ethan would be taking care of everything, what exactly is their role and is there anything i should be careful about regarding consortiums and the strata/ PM side ofthings? If you have posted about this before, pl let me know, i cant seem to find much about ethan (and the other one is questus). much appreicated,
Ethan are good operators. I have several Ethan NRAS properties and have no issues with any of them. Their role is the NRAS Approved Participant ( consortium) - nothing else. As far as property management /strata is concerned, Ethan plays no role in Strata/Body Corporate but they will appoint a Property Manager in the area to manage the property for you.... call them and speak with them if you have any concerns.