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@tina months of work and preparation went in before this last month. When I finally got all my ducks in a row, I took that to all the owners.
I used Excel to work out where we were losing money, what are fixed costs, where we can save and to work out a realistic budget. We will use the most basic Our Body Corp package, as it has the nifty financial reports and levy notices linked to accounts.
Going to open our bank account this morning, then send the notice to our strata manager. In a fortnight to month’s time we should be fully independent and running smoothly, provided the strata manager cooperates in handing over funds.
(I did have to tell the existing committee that I was serious about seeking compulsory management, to finally get some cooperation).