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
Tag: capital fund
How to review your strata capital fund forecast
Real estate is a long-term investment and requires a long-term plan, often called a capital fund forecast. To optimize your capital fund forecast take the following action steps:- Inspect your building and make a list of everything you want to be repaired & reinstated to its former glory Allocate a tradesperson to each item Have […]
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 […]
Creating a Strata Building Strategy for your Strata Building
Every committee and owners corporation has the responsibility to maintain and increase the return on investment if each owner. Every strata building or body corporate should be considered as a small business after all the smallest of buildings is worth a couple of million dollars. In the same way that a successful small business operates […]
7 Rules for Strata Levies
[one-half-first] [/one-half-first] [one-half]Strata levies are the one contact point that a strata building has with each owner. While 100% attendance should occur at the AGM, we all know it doesn’t happen, not even close. This makes the management of levies and therefore expenses the single biggest duty of the committee and strata manager. When considering […]
7 things every Strata Committee needs to do in 2018
As we all face 2018 and residential apartment prices continue to grow in Sydney and New South Wales we have outlined the top must do’s for every strata committee in 2018. Every item below is a mini insurance policy for your buildings future and current value. 1.Facade Cladding The Grenfell fire in London made the combustible […]