#18706
eo@ocn
Flatchatter

    Where there’s sin, the devil’s usually not too far away so feel free to play advocate Jimmy!  Seriously though, this is a very good conversation for us all to be having.

    Without transparency, on any level, owners can be left feeling (and sometimes being) cheated.

    Much better to have a system where owners corporations properly remunerate their managers for their expertise and experience, and pay a separate fee for service for their insurance which is not grossed into the premium (remembering that for our new large and sophisticated buildings this could be $100,000+ per year).

    Let’s educate owners, who can sometimes focus on the bottom line rather than the value being delivered.  

    Let’s see all strata managers tendering on the same basis of a fair day’s pay for a fair day’s work, with a transition program that puts all managers on a level playing field viz renegotiating their fees at the same time.

    Let’s see more healthy competition in the strata insurance market, once this playing field is also levelled.

    Yes, some strata managers may choose to gracefully retire or to sell their business.  But those strata managers who choose the transition will hold their heads high, as valued and valuable advisers on strata matters.  

    Cheers Karen