Episode 32 - Strata 101 (Part 1) скачать в хорошем качестве

Episode 32 - Strata 101 (Part 1)

Source: https://www.podbean.com/media/share/p...   Send your feedback and questions to feedback@morealestateshow.com Look up the co-hosts at: thenewwestguys.com (Matt Brabbins and Jeremy Rae) realestatenewwest.com (Geoff McLennan) Segments: 6:11 Bylaws Pets (how many, what type, what size) Rentals (quantity is often limited, prohibiting short term rentals is on the rise) BBQ (charcoal is almost always prohibited, propane is usually permitted) Number of occupants (some buildings enforce a maximum per bedroom) Age restrictions (19+ and 55+ are legally enforceable) Smoking (some have a full ban, some allow it in your unit) Bikes (in the elevator, on your balcony) 26:33 Fees How they are calculated (unit entitlement) What’s included Townhouses sometimes don’t include garbage, sewer and water. CRF (Contingency Reserve Fund) Portion matters Is a higher fee better to build up savings? Fees can be inflated short term to pay back a loan for a large project 37:20 Strata Plan LCP vs. CP (big difference re: parking stall allocation) Balconies included in unit entitlement? Lofts included? Livable area not included as part of the strata lot reduces strata fees Being disproportionately bigger than the average unit can inflate fees Being smaller that the average unit creates even smaller fees 50:15 Budget You don’t want to see it consistently over-budget Repeated “surprise” maintenance is not a good sign 52:29 Management Company Question of the Week from Kris: How is the management company selected? Who can attend meetings? Strata Council selects the management company A lot of council and owners don’t realize how much they frustrate a sale and can devalue the building if they are not responsive and informative. Sellers often don’t bother to report the poor performance because they are on the way out anyway. Owners can attend a council meeting to present a specific issue. They may not attend the full meeting. All owners are encouraged to attend and vote at all AGM’s and SGM’s. A renter can request to receive the minutes of the strata meetings.