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 How easy is it for condo committee to cheat money?

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kochin
post Jul 7 2015, 10:14 AM

I just hope I do!
********
All Stars
10,314 posts

Joined: Dec 2009
From: Malaysia


QUOTE(Kevin Chan @ Jul 7 2015, 09:49 AM)
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.
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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?
kochin
post Jul 7 2015, 10:57 AM

I just hope I do!
********
All Stars
10,314 posts

Joined: Dec 2009
From: Malaysia


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.
kochin
post Jul 7 2015, 11:07 AM

I just hope I do!
********
All Stars
10,314 posts

Joined: Dec 2009
From: Malaysia


QUOTE(HELLO HELLO @ Jul 7 2015, 11:06 AM)
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?
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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. cry.gif
kochin
post Jul 7 2015, 11:14 AM

I just hope I do!
********
All Stars
10,314 posts

Joined: Dec 2009
From: Malaysia


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.

kochin
post Jul 7 2015, 11:19 AM

I just hope I do!
********
All Stars
10,314 posts

Joined: Dec 2009
From: Malaysia


QUOTE(HELLO HELLO @ Jul 7 2015, 11:17 AM)
when u want to become developer? or any condo can implement your method?  brows.gif
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u finance me lor.

 

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