Episode 33 - Strata 102

Strata 101 explains how a strata corporation functions and what consumers should be looking out for.

Strata 102 dissects the relevant strata paperwork and how to interpret it.

Strata 102 Topics:

 

Regular council meetings: Watch for patterns that are warning signs that components are failing.

The Annual General Meeting votes in the budget and is an opportunity to vote through capital projects and how to fund them.

Depreciation Reports come in a variety of forms. Some are simple spreadsheets and others have detailed physical inspections and recommendation a schedule of work.

Engineer's reports take an in-depth look at specific components and recommend repairs or replacement.

Question of the Week: Is a self-managed strata a bad thing?

 

Send your feedback and questions to feedback@morealestateshow.com

Look up the co-hosts at:

thenewwestguys.com (Matt Brabbins and Jeremy Rae)

realestatenewwest.com (Geoff McLennan)