Body Corporate Administration
We currently manage a portfolio of 50 Bodies Corporate, including one commercial property. Details of the services we offer is listed below. We pride ourselves in going that extra mile for our clients and making sure all their requirements are met.
The services we offer are as follows:
We operate separate and independent banking accounts for each client.
This facilitates closer control and independence of the Body Corporates cash resources. In addition to us having immediate access to our account our clients benefit from reduced costs emanating through use of Electronic Banking.
Where required, a bank statement direct from online banking can be made available.
2) FEES and COLLECTIONS
Our fee structure is primarily based on the number of units, with additional charges for specific functions which are outside the normal day-to-day scope of our management function. We believe that our fees are competitive given the level of service we strive to provide.
We will attend to all requirements in terms of Sectional Title Act, including maintenance of appropriate registers, minutes, books etc.
In addition we will co-ordinate Statutory and other General Meetings, as may be deemed necessary.
We will attend such meetings, record minutes thereof and provide advice thereon, as may be appropriate. We will attend Trustee Meetings on request, should the need arise
We will, in consultation with our Insurance Broker, undertake an annual review of insurance cover and submit proposals as deemed appropriate.
In addition, we will undertake the processing of insurance claims for the recovery of claimable losses incurred.
5) INVESTMENT MANAGEMENT
We will in consultation with the Trustees, agree on an appropriate investment policy. Given these guidelines we will invest all excess funds to ensure both growth and security of investments. In this regard, emphasis will be placed on security of investment.
We have, over the past years, established contacts with a number of reputable contractors in the fields of plumbing, electrical and general maintenance. Should you need any assistance, we will make these resources available to our Body Corporate clients.
In addition, we will, if required, co-ordinate the calling for and awarding of Tenders for “Major” maintenance items which may arise from time to time.
We aim to provide our clients with a comprehensive and innovative service aimed at meeting the reasonable needs of an institution such as a Body Corporate.
Given our size we are able to be in personal contact with trustees on a regular basis and as such will be able to gain intimate knowledge of the Body Corporate’s needs.
Should you require a quote, please provide the following information:
· Name of block/complex
· Number of units
· Street address
· Trustee – contact information
· Current arrear levy position