My condo there seem to have very heated competition by few to take up committee and alot drama la last year. Finally with the current chairman kick out previous chairman and the apparently current chairman is related the treasurer or something.

If this the case is it very easy for the chairman to just pocket the maintenance fund and all into own account or is it very well regulated?

Seem like very long time already and they should have called for agm few months ago but conveniently forgot. Even people complain the committee just ignore and all. Do you think there is personal gain?

Of course can be abused. So many cases and big drama at AGMs all over the country.

I am in the JMB, so I know this. But honesty must start somewhere.

Very easy. The chairman has two votes. So if he gets any members or especially office bearers to side him, he could put in all his contacts for the various jobs required in the condo. Some of the sure things that will happen when a change of committee occurs, for bad, new management company, new security, new landscaping, new janitor etc, each one collect a few % commission. If the committee is honest one, they'll so the same, but only to flush out old 'koncos' of the previous 'bad' committee. But they are answerable if they were to utilise the sinking funds. If I'm you, I'll propose myself as a committee member to safeguard the condo.

President/Chairman can only sit 2 years and other position can only sit 3 years.

Just make sure that there is a healthy change of people from time to time.

Pakat with contractor. Choose few contractor to quote high to low cost. At the end choose the mid cost with okok workmanship. And discuss the rebate. 700k paint jobs markup to 800k. Or 800k paint job discount 100k. Contractor under table rebate 100k back but the fund goes into chairman +committee pockets. Of coz chairman must pakat with few committee also. Split the meat.

Actually chairman n committee is a sibeh kuli work. No pay and get all kind of complaint. Sometime Weekend need to work. Everytime got meeting got emergency meeting need to sendiri pay petrol come back if they own a unit but not stay there. Tak macam politician yang kena voted manyak high gaji + manyak traveling, food, Baju and all kind of allowances n no need to work so much. Just make sure work done by other n come out show face n make sure face on newspaper ok Liao.

This post has been edited by HELLO HELLO: Jul 7 2015, 10:13 AM

My place already change committee 3 times since move in. Everytime change committee will change management company.

I thought is only 1 yr but seems like this time the committee no news at all like bisu and pretend nothing happen din call agm. I just scared they slowly put money on pocket without anyone know and we bodoh bodoh pay maintenance every month. No audit or anything 1?

can president step down after 2 years and become treasurer and vice versa treasurer become new president? keep on repeating?

or what about if residents likes the management and decided to continue with them for more than 2 years?

How to be a Chairman 101.

Rule 1: Never pocket maintenance fund into your own account.
Rule 2: inflate prices of service.
Rule 3: always take indirect money from vendor.
Rule 4: if you need to (in contravention of rule 1), you can buy using your credit card and tell the committee that you wanted to collect points (make sure it is in minute). Use the reward points convert into shopping voucher.
Rule 5: make sure bank statement and cheque book is kept in your house.
Rule 6: hire your own ma chai (crony) to become your accounts and auditor.
Rule 7: request mini-mart/restaurant to share half of their profits with you or get kicked out and then you can set up your own business.
Rule 8: you can buy and make claim from JMB/MC at “inflated price of course”.
Rule9 : make sure you pay your staff fat increment and bonus to shut them up.
Rule 10: repeat 1 to 9.

When there is equal votes in the committee, the chairman gets one additional vote to break the deadlock.

The standard modus operandi is always got a few supporters (or yes man).

Kochin brother have "potential", this loophole is totally allowed.

for those case where resident "sendiri cari pasai" lazy, its their own fault for not running it properly. come vote also lazy.

wow pro chairman, sure fat fat

unfortunately i am still poor like shet.

Man of integrity is always poor. Hahaha

Actually all this problem arise because of the indifference of owners, AGM/EGM also don’t attend and leave it to “certain people” to run the management. The rot normally starts slowly with minor inflated claims, after that the amount gets bigger and bigger. Since no one query, the opportunity for wrong doing grows bigger day by day.

This is proven, as our auditor went into investigate item by item (not forensic type of audit), the claims get bigger and bigger, the reason for the claim also get more and more ridiculous. (example: night club expenses in Penang, kononya have to entertain some bomba people cause they creating some problem, when condo is in KL).

Also, another account normally will be affected is the sinking fund.

See 2(5)/(6) of Schedule 2 SMA.

Actually that is the right way of getting around the problem.

The law is quite clear. Cannot 2 years consecutively become Chairman, Treasurer or Secretary.

So this year Chairman, next year Treasurer, year after become Secretary and rotate around like musical chair, shouldn’t be a problem. Worse become committee. Committee can sit up to 3 years.

i actually have a plan on how to develop a maintenance free development.
meaning once you buy into the development, it is perpetually self generating income and need not have any service charge.
will built one if i ever have the fund to do so.
kakakaka.
no more hanky panky then.

Please share your invention.

Sounds great, but things that sound too good to be true normally smell like a Ponzi scheme.

condo side income.. carpark rental, venue/function room rental, shop rental, bbq area rental, car wash fee...ada apa lagi?
provide unit cleaning service? rent and sale service? or macam japan punya robot hotel. use robot to manage.

This post has been edited by HELLO HELLO: Jul 7 2015, 11:07 AM

if it's so simple, people would have done it long ago lah.
trust me, i just revisited my model. it looks solid.
definitely doable.
but don't think it would ever see the light of days.

share share c please.

woooo .... save first .. maybe future got use ...

From experience, actually all you mentioned contribute very little to management income. Almost negligible, either because rental very low or usage is infrequent. To make matters worse, such income subject to income tax and GST.

The best money maker is maintenance followed by interest income (FD or normal savings).

share pls.

you know where to find me

i am con-sultant ready and at your service

aiyah, once shared then i can never built dy.
people steal my idea.
better not say so much.

fyi, my ideas is applicable to both new development and existing highrises as well.
so it's not confined to only new builts.

use fund to buy share buy unitrust buy gold buy antique buy land buy house? high risk high gain.

when u want to become developer? or any condo can implement your method?

This post has been edited by HELLO HELLO: Jul 7 2015, 11:18 AM

u finance me lor.

Knowledge is like a candle, it can light up a dark room. If you put a tea cup over the candle...

Lel... Why u pancing me like this.

After considering the risk of 10 yrs and 10m fine that can be imposed by bnm or sc, I take my chances with CoB (often than not toothless and balless).

If you don't want to share why then mentioned it here ?

Are you hoping to find a buyer of your invention ?

You think there is a possibility of finding a buyer ?

I think it's almost unlikely lar. People just copy the idea. Nobody is willing to pay for something which can be copied.

Maybe consider patenting it.

kokchin

No money, no problem. Who knows, we might become promoters of your fund also

If Greek bailout can raise Eur 1.8 mil in 8 days, it's possible your idea can fly also.
https://www.indiegogo.com/projects/greek-ba...ut-fund?#/story

come kochin kor, we meet out and share your idea,
then we sell your idea to all those condo and help them manage !!

serios one call me

Not all Condo committee can be trusted.

Do crowdfunding la

This is a difficult sell.

If you don't reveal enough info, people are not convinced.

After you reveal enough info, people just take your idea and use it for free.

unless you are immune to jail, you can go ahead to cheat those funds.

in malaysia every one can immune to jail, as long as you have enoght kopi

i dont dare to try.

Account needs to audited every year, you can't just take the money out without any reason, or transfer to any individual account.
It is a CBT offence if simply take a public money (management fund) into personal use.

Auditor will easily find out when audit the account time.

But only buying engage with a specific contractor/company or cronyism, buying expensive etc is the grey area which should be aware of.
Adopting open tender process, openness during committee meeting etc are several good way to reduce such a grey area.

Who will be the responsible to audit the condo account? The is committee liable to some regulation? Cos from current situation the committee can just ignore and not do any audit

Normally it is external auditor, just like ordinary company.

MC is liable to any sue if there is any misbehave.

If current MC is not doing a proper job and convey an AGM due, owner can complain to COB and COB can empower other owner to convey an AGM.

the last chairman, we try to initiate criminal case against him... took us 2 years until we pressure the branch IO from bukit aman.

I second the kopi o part cause the X person was rumoured to make a funny request, which led to delay in investigation.

never try never know but than again better don't try. people actually went after the chairman, his house kena painted red. one committee member's car got extra special treatment (all cermin pecah and door kemek).

The modus operandi, both account and auditor are in the pocket of the chairman.

If the item of contention is agreed upon by all committee members and recorded in the minutes, the contention no longer exist and becomes legitimate.

open tender is the best but the tender committee must have technical experience. I was part of a pre-liminary interviewing team, was quoted Rm 1m for repainting job, my colleague did some rough calculation and knocked it down to RM 700K. All of the contractors quoted more or less 1M +. So careful with open tender as well and best do itemized tendering.

It's the duty of Dev, JMB and MC to have the accounts audited and have a copy of the audited account file with COB.

See:
section 14 (Developer), 26 (JMB) and 62 (MC) of the Strata Title Management Act

Failure:
Maybe liable up to 3 years imprisonment or fine of up to 250K or both.

to add:

If condition is serious enough, ask COB to instruct JMB/MC to hold EGM.

Hi May i have the answer of the old question , DO the JMC has the rights/power to amend house rules without AGM /EGM?

There is no mention the any house rules set must be through AGM/EGM in the strata title act 757.

Strata title act 757, 70 (by-law) aka house rules
http://www.federalgazette.agc.gov.my/outpu...TA%20757-BI.pdf



It just said it needs a special resolution being approved by MC.

But mostly and commonly, additional house rules especially those may affect greatly one are done through AGM/EGM to avoid any dispute in the future.

My apartment just recently concluded its AGM and during the session, there were motions to amend some house rules. What I heard from one of the JMB committee is that any changes to house rules must be voted during AGM. He mentioned this is in accordance to Strata Act but I cannot remember which clause he cited. I don't think JMB can just simply anyhow change house rules without the owners' consent.

This post has been edited by honkkydorry: Jan 18 2018, 02:40 PM

Yes, very true.

If owners do not attend AGM, mc with bad intention to eat money will manipulate management fund

Here is a true story in a condo, husband and wife pakat with each term of chairman to manipulate
maintenance fee while husband is not the owner, the worst scenario both husband and wife are not
in committee team but both control whole condo like samsixg.


This post has been edited by Hongch: Apr 17 2024, 03:00 PM

One more side income is to charge motorcycle parking lot rental fee.

Each motor parking lot charge rental RM 20 per month, and need to collect 3 month
in advance. This means every 3 months need to pay RM 60 in advance. This is to increase
financial burden for motorcycle owner, and also to lower monthly rental revenue for owners.

So to save this RM 20 per month, many motorcycles park in the car parking lot,
either park behind the car, or park in front of car.

Every time when go out or come back, need to move car or motorcycle just like tandem parking.

This condo is very famous in KL.







Malaysia's first breaking record, motorcycles also need to
pay parking fee inside condo, some more is RM 20 per month, and
need to pay every 3 months fee (RM 60) in advance.

This post has been edited by Hongch: Apr 17 2024, 06:48 PM

Now motorcycle owners who do not want to pay for RM 20 monthly parking fee
for a motor parking lot, they park motor in their own car parking lots like
tandem parking

The person who managed SL condo now is the previous chairman in 2018,
he is not the owner, this means even he does not own any property in the
condo until now, he is still managing condo together with his wife.
His wife is the owner.

But both are not MC committee members.

Complained to CXB KL many times, but CXB does not bother.

CXB will forward all complainants (condo owners) info including the complaint letter to MC,
then MC post the complainant's names and units number to public inside condo to insult
complainants.

If send email to CXB to complain these husband and wife, CXB will disclose
email IP address to MC, the MC post this complaint matter on notice board.

This condo chairman gives all power to these couples to manage this condo,
one of the reasons I think is because these couples dare to do something
that nobody dare to do.

Husband busy to do unnecessary costly renovation, wife controls maintenance fee inside
MC office.



This post has been edited by Hongch: Apr 20 2024, 05:02 PM

These couples and MC used maintenance fee to buy many extra paint
to paint condo, then use left over paint to charge residents



These couples and MC do many renovation no need approval from residents.

There is a grey area, they can pakat with each term of chairman.

Can they resist this temptation?
250 condo unit x RM 300 maintenance fee = RM 75000.00 per month

Excluding side income from renovations, parking (especially motor parking fee),
condo buying and selling commission and many more.

With this money, they can pakat to anybody including who is willing to provide
full service like complainant's info and IP address.

These couples have been ruling this condo since 2018.
They even bough new car and one condo unit with cash.
Can get rich very fast

This is simply say only.

In reality, CBT will not involve, CBT will ask you to contact CXB.

Once you gaotixx CXB, you can do anything you want in the condo.
This is exactly what happening now.

Account audit just simply put signature and stamp only.

This depends on which CxB.
Some CXB are clean and responsible to do the job.

CxB can onkly give advice to MC only, but no legal action to sue, according to CxB...

If want to sue MC, residents can sue MC to housing tribunal or court, then MC will use
maintenance fee as legal fee while resident will use their own pocket money.