Hi All,
It is pretty simple really, you get what you pay for!
You will not get the champagne on the beer budget.
If you go to your accountant and ask them to do your tax return, you can not expect them to through in financial planning at no cost.
It is important to get this right when selecting a strata manager to start with. Make it clear in your quote/tender request the frequency and standard required in your strata scheme’s financial reporting, as there is a significant range in services and pricing when it comes to strata management.
With the systems available these days, it is reasonable to expect regular quality financial reporting from a strata manager, but if you want the extras, expect to pay for it.
Mr S