Here's the scenario...
Got 2 units in 2 rundown complexes side by side - 99% of the other owners are investors like me & are out-of-town. I live locally.
The Body Corporate Managers tell me they're only administrators handling the money & giving the work orders for maintenance, etc. They said they don't come out to the complex & do a regular checkup.
The Property Managers take care of each individual unit.
So my question is: How does an owner know whether the complex is run-down & needing maintenance fixed???
Oh & by the way, how is it that there's $23,000 in sinking fund money per unit complex, but both are run down???
If the complexes looked fantastic, you wouldn't have $23,000, you'd have $5,000 or $10,000 because the complexes would be regularly maintained.
Got 2 units in 2 rundown complexes side by side - 99% of the other owners are investors like me & are out-of-town. I live locally.
The Body Corporate Managers tell me they're only administrators handling the money & giving the work orders for maintenance, etc. They said they don't come out to the complex & do a regular checkup.
The Property Managers take care of each individual unit.
So my question is: How does an owner know whether the complex is run-down & needing maintenance fixed???
Oh & by the way, how is it that there's $23,000 in sinking fund money per unit complex, but both are run down???
If the complexes looked fantastic, you wouldn't have $23,000, you'd have $5,000 or $10,000 because the complexes would be regularly maintained.