#18789
Whale
Flatchatter

    I’d conclude that $300 / Lot / year is closest to the mark, but don’t forget all those “disbursements” that add substantially to the Management Fee.

    Back in the day when our Plan engaged the services of a Strata Manager, their additional fees for things like making and receiving telephone calls/faxes/e-mails, word processing, debt recovery (letters only), arranging quotes, issuing work orders, liaising with tradespeople, attending meetings, advice by more senior managers, archive storage, and a range of other “services” almost doubled their management fee.

    To be fair though, I believe that some Strata Managers are now including some of the above (services) in their management package, but I’ll lay odds they’re still keeping some extras in their back pockets!