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How easy is it for condo committee to cheat money?
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HELLO HELLO
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 Jul 7 2015, 10:05 AM
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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
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HELLO HELLO
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Jul 7 2015, 11:06 AM
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QUOTE(kochin @ Jul 7 2015, 10:57 AM) 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. 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 |
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HELLO HELLO
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Jul 7 2015, 11:10 AM
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QUOTE(kochin @ 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.  |
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HELLO HELLO
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Jul 7 2015, 11:14 AM
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QUOTE(aurora97 @ Jul 7 2015, 11:10 AM) 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). use fund to buy share buy unitrust buy gold buy antique buy land buy house? high risk high gain. |
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HELLO HELLO
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Jul 7 2015, 11:17 AM
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QUOTE(kochin @ Jul 7 2015, 11:14 AM) 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. 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 |
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