EP. 18 MICHELLE'S GUIDE TO READING A STRATA REPORT
from Sydney Property Insider Podcast
This week, Michelle delves in to the world of strata. If you’re looking for a property that is strata title, what should you be looking for in the strata notes? HERE’S WHAT YOU’LL LEARN FROM TODAY’S EPISODE: Why it’s important to get a copy of the strata notes; Where to start, and why looking at the funding position is key; Sinking funds/Capital Works funds, and why they’re important; Strata manager rule of thumb guidelines to start with; Special levies, what have been charged to date and for what purpose; Sinking fund forecasts, why they’re a good thing to look for; The executive committee, the history of the AGM’s; Is the committee meeting its annual requirements (eg. fire safety compliance); Where things can go wrong with a new building; History of the builder; Websites to take a look at; And Understanding your potential share should you raise concerns in due course. LINKS OR ARTICLES WE MENTIONED: Your Strata Property Strata Man SPEAKERS IN TODAY’S EPISODE Michelle May - Sydney Buyers Agent Marcus Roberts - Mortgage Broker ASK US ANYTHING! Have a money question you want us to answer? [email protected] FOLLOW US: Facebook ENJOY THE SHOW? Don’t miss an episode, subscribe viaiTunes. If you like it, please leave a review! Or, find us on the podcast app of your choice, such as Spotify
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