Hi, some time back i stopped paying the strata fees on our IP myself, and had the PM do it on our behalf.
Just checking the latest strata accounts I see we've been hit with some late payment fees.
When I questioned the PM he said it is because when the quarterly strata fees were due, there was no/ insufficient money in our account, so they had to wait until the tenant paid the next month's rent before he had the funds to pay the strata.
I have to check the dates cos i am not sure the reason is valid, typically there would be some payment/grace period. I want to check if the PM could have paid sooner
But, is this normal/ anyone experience the same? any way around it? I want the convenience of the PM paying all the bills, but not if we are going to regularly incur late fees..
Just checking the latest strata accounts I see we've been hit with some late payment fees.
When I questioned the PM he said it is because when the quarterly strata fees were due, there was no/ insufficient money in our account, so they had to wait until the tenant paid the next month's rent before he had the funds to pay the strata.
I have to check the dates cos i am not sure the reason is valid, typically there would be some payment/grace period. I want to check if the PM could have paid sooner
But, is this normal/ anyone experience the same? any way around it? I want the convenience of the PM paying all the bills, but not if we are going to regularly incur late fees..