Category Archives: Body Corporate, Homeowners Associations and the like

POOL FENCES

I know I’m going to receive howls of protest but I really don’t care.  I’m a parent and take the supervision of children under my care (mine and others) very seriously.

I’ve inspected literally thousands of houses with backyard pools over the years and have seen it all.  Properly installed (at ridiculous expense) pool fences where teens have propped open the gate, or there’s been boxes or chairs near parts of the fence allowing most children to climb up and over the fence, and vegetation so thick that any enterprising child could climb through the hedge for instance, and gain access to the pool area.

I’ve watched kids running and chasing each other around pools completely unsupervised by a responsible older child or adult.

I disagree with pool fencing as it places a huge cost on those of us who are responsible and supervise our kids and those under our temporary care.

Where I live we have thousands of kilometres of lake front, canal frontage, creeks, rivers and ocean beaches, none of which have fences!

In my early days I taught hundreds of adults and kids to swim, have been an active Surf Life Saver, Patrol Captain and Rubber Duckie (Inflatable Powered Rescue Boat) captain and have rescued hundreds of people from the surf.

In closing this post (read, RANT) in 2012, ONE-THIRD of drownings of kids under 5 occurred in BATH TUBS or SPAS!*

*Royal Life Saving Society Drowning Report 2012

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LIARS, THIEVES, MALCONTENTS and IDIOTS PART 1

Sadly a fair number fit into the heading’s description.

On Site Managers, or the Owners of Management Rights (OSMs I’ll call them) in Complexes fall into a wide number of categories.  I’ve worked with some, butted heads with others, been subjected to their lack of professionalism and incompetence as a tenant, and watched as they’ve been caught cooking the books.

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RED ALERT

2003.  I have several lovely clients from Malaysia who’ve bought and sold a few investment properties through me.  One of them refers an equally delightful man to me and I eventually receive an email from him.

Hapless (I use that word a fair bit I guess but it’s such a good descriptor) fellow was “stitched” into buying an Apartment “Off the Plan” and settled in 1998 or thereabouts.

The “deal” included a Rental Guarantee of 7% per annum on his $299,000.00 purchase price for the first two years, rising to 8% for years 3 and 4.  From Year 5 the rent reverted to market return.

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ONLY FOOLS AND HORSES

Only Fools and Horses?  See HERE

I’m writing this blog to give you a “heads up” if you own a Unit or Apartment in a complex, or are thinking about buying one.

There are plenty of people who attempt to get rich quickly and don’t care how much stress, pain and suffering they inflict along the way. There are others who don’t care about the people they are engaged (and paid) to work for and treat them with contempt.

I’m going to talk about Bodies Corporate, also referred to in the USA for example, as I understand it, as Homeowners Associations (common-interest developments – CIDs) and the like, and the Managers of such complexes.

I’ve been the Chairman of 2 Bodies Corporate and both times for me it was a non-remunerated nightmare.

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HAND ME THAT ROPE

A while back a client came to me somewhat puzzled.  He owned a few investment properties and ran a successful interstate business with more than 20 staff.  He was a man I thought was very much “on the ball” and “honest as the day was long”.

One of his properties was a Holiday/Vacation Let, managed by a Live In, On Site Management team that here in Queensland we know as a “Management Rights”.  Almost anyone who can obtain a rudimentary government licence can buy Management Rights to a group of properties, a 3 level complex or a massive 70 story high rise.

Don’t get me started on how easy it is to obtain a licence to operate, in some cases, a multi-million dollar business with thousands of clients, sophisticated software packages and heavy legal responsibilities.

By the way, I hold a full Real Estate Licence in the State of Queensland, which is almost a year’s study and plenty of examinations, and Trust (Escrow) Account Audits.

Anyway, I digress!

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