Combustible cladding has moved away from being a daily topic on the news. But this does not mean that the problem of the combust cladding has been resolved for the majority of buildings and property owners. Today’s story from the age documenting CBA’s position on an open register of buildings with combustible cladding is the… Continue reading Banks + Cladding = Start of Building Profiling
Category: Financial Transparency
should the strata treasurer approve invoices?
If you’re looking for the punchline to this question, the answer is YES. And it’s not because you need to protect against questionable behaviour, I recommend that every treasurer should be approving the invoices for the building because they know their building better than almost anyone else. While I agree the strata manager should be… Continue reading should the strata treasurer approve invoices?
Your capital fund interest earning strategy
To optimise your investments and keep your money working for you simple add additional funds to your existing or new term deposit each 90days after your levy is due. Calculate your returns here
How to easily review your strata insurance each year
This is the single biggest invoice a strata building will pay each year, it is also the highest risk item if not done correctly. Yearly Questions/Review Items:- what is the premium being paid what are the fees being paid to the broker, strata managers, any other people involved what are the sub-limits on each policy… Continue reading How to easily review your strata insurance each year
What do strata levies pay for
If you own a strata apartment you will be familiar with strata levies, but do you understand what they get spent on and why? Strata levies are the invoices you get every quarter, six monthly, or 12-monthly from your owners corporation. Strata levies are unavoidable, and they are not an optional expense, if you are… Continue reading What do strata levies pay for
Your Strata Budgets & Strata Levies
The budget and levies of a strata apartment building are the single most crucial part of strata. Because nothing else is possible or matters if you aren’t about to pay for it. Striking the right balance between levies raised and money in the bank is always difficult. But to help you get your owners corporation… Continue reading Your Strata Budgets & Strata Levies
Strata levies – why, what & how
This is a simplified guide all about your strata levies, why you pay them, what they get spent on and how to make sure they are not being wasted. What are Strata Levies Strata levies are the invoices sent out by your owners corporation so that the building can pay it’s bills each week. What… Continue reading Strata levies – why, what & how
Strata Interest Earning Strategy
[one-half-first]As the treasurer of a strata building you will find yourself, at some stage, requested to make a decision about the investment of surplus funds. As Strata buildings grow larger and older it is becoming more common for buildings to have over $500,000 or even $1,000,000 in surplus funds for future major works. Now the… Continue reading Strata Interest Earning Strategy