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Investment Perks of being in Joint Management Body, JMB Perks

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TSKopiMalaysiano
post Mar 24 2021, 12:35 PM, updated 5y ago

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I feel like as a paying member, i cannot help but being very sceptical about the JMB.

This is why:
1) Every year say loss-making, and want to increase the fee
2) Why can feel before even formation, lots of non-knowledgeable people want to host group and voice about stuff which are actually no biggy
3) Like to change security team, say no money but suddenly instal a lot of gadgets.

So I want to know from members of JMB what are the perks/ thing we don't know?

And for people who share my doubts/skepticism about JMB, what are the perks u think are there?

Moreover, actually, I want to know also as I feel like I need to stomp the JMB floor (sadly) to really flush out non-performing committees. vmad.gif

I am currently a paying member in the landed area and a future paying member of commercial title residential property.

This post has been edited by KopiMalaysiano: Mar 24 2021, 12:43 PM
TSKopiMalaysiano
post Mar 24 2021, 12:43 PM

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Peace and love for existing JMB
COOLPINK
post Mar 24 2021, 12:45 PM

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Songlap!
TSKopiMalaysiano
post Mar 24 2021, 12:52 PM

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QUOTE(COOLPINK @ Mar 24 2021, 12:45 PM)
Songlap!
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obviously but what do u know other than that
acbc
post Mar 24 2021, 12:54 PM

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JMB members mostly will songlap. They used own cronies to get the contracts.
digitalz
post Mar 24 2021, 12:56 PM

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They will publish their accounts annually. Raise questions and concerns when the audited accounts are out.

I've seen a few JMB audit reports for diff projects and they are normally very loaded!
nexona88
post Mar 24 2021, 12:57 PM

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becoming JMB members the best...
got change to make some $$$... and u above all the rules tongue.gif
WaCKy-Angel
post Mar 24 2021, 12:58 PM

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QUOTE(KopiMalaysiano @ Mar 24 2021, 12:35 PM)
I feel like as a paying member, i cannot help but being very sceptical about the JMB.

This is why:
1) Every year say loss-making, and want to increase the fee
2) Why can feel before even formation, lots of non-knowledgeable people want to host group and voice about stuff which are actually no biggy
3) Like to change security team, say no money but suddenly instal a lot of gadgets.

So I want to know from members of JMB what are the perks/ thing we don't know?

And for people who share my doubts/skepticism about JMB, what are the perks u think are there?

Moreover, actually, I want to know also as I feel like I need to stomp the JMB floor (sadly) to really flush out non-performing committees.  vmad.gif

I am currently a paying member in the landed area and a future paying member of commercial title residential property.
*
Many owners feel like u just the same...So easy to point fingers JMB members not doing work etc etc etc..
But when they become JMB member straight resign within 3 months or before 1 year... thats what my place has become now.

All only know how to talk cock and shouting during AGM but after become JMB their balls missing.


Anyway the perks are but not including, songlap, grant jobs to their shell company and/or relatives or known associates. and i dont know what else.

no money is common especially if many owners not paying management fees, or spent on unnecessarily stuffs.
TSKopiMalaysiano
post Mar 24 2021, 12:58 PM

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QUOTE(nexona88 @ Mar 24 2021, 12:57 PM)
becoming JMB members the best...
got change to make some $$$... and u above all the rules tongue.gif
*
how much allowance are we talking about?
TSKopiMalaysiano
post Mar 24 2021, 01:01 PM

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sounds like gangsters in the neighbourhood la

but I always ask where they stay, to make sure they dun play play!
DragonReine
post Mar 24 2021, 01:06 PM

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QUOTE(KopiMalaysiano @ Mar 24 2021, 12:58 PM)
how much allowance are we talking about?
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https://www.burgielaw.com/2016/11/26/jmbs-m...be-remunerated/

By rights is RM500 to RM1k per meeting attended. But must be approved and made transparent to owners.

This post has been edited by DragonReine: Mar 24 2021, 01:06 PM
TSKopiMalaysiano
post Mar 24 2021, 01:06 PM

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QUOTE(WaCKy-Angel @ Mar 24 2021, 12:58 PM)
Many owners feel like u just the same...So easy to point fingers JMB members not doing work etc etc etc..
But when they become JMB member straight resign within 3 months or before 1 year... thats what my place has become now.

All only know how to talk cock and shouting during AGM but after become JMB their balls missing.
Anyway the perks are but not including, songlap, grant jobs to their shell company and/or relatives or known associates. and i dont know what else.

no money is common especially if many owners not paying management fees, or spent on unnecessarily stuffs.
*
U referring to older residential units

mine is mild not a s severe as yours
Babizz
post Mar 24 2021, 01:06 PM

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Why don't u join the JMB and find out. Good JMB and MO is needed to ensure the building is running properly.
TSKopiMalaysiano
post Mar 24 2021, 01:06 PM

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QUOTE(DragonReine @ Mar 24 2021, 01:06 PM)
https://www.burgielaw.com/2016/11/26/jmbs-m...be-remunerated/

By rights is RM500 to RM1k per meeting attended.
*
i know u are a member, so how much meeting is yours convened?
TSKopiMalaysiano
post Mar 24 2021, 01:08 PM

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QUOTE(Babizz @ Mar 24 2021, 01:06 PM)
Why don't u join the JMB and find out. Good JMB and MO is needed to ensure the building is running properly.
*
got my day job, plus no "synergies" for me brows.gif

I join is charity only become clerk
Babizz
post Mar 24 2021, 01:08 PM

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QUOTE(WaCKy-Angel @ Mar 23 2021, 10:58 PM)
Many owners feel like u just the same...So easy to point fingers JMB members not doing work etc etc etc..
But when they become JMB member straight resign within 3 months or before 1 year... thats what my place has become now.

All only know how to talk cock and shouting during AGM but after become JMB their balls missing.
Anyway the perks are but not including, songlap, grant jobs to their shell company and/or relatives or known associates. and i dont know what else.

no money is common especially if many owners not paying management fees, or spent on unnecessarily stuffs.
*
Best comment. A lot of owners join JMB with no money or perks. Important to have diversified JMB. All diff groups. Not from one same group of ppl. Then the place can prosper
DragonReine
post Mar 24 2021, 01:13 PM

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QUOTE(KopiMalaysiano @ Mar 24 2021, 12:35 PM)
I feel like as a paying member, i cannot help but being very sceptical about the JMB.

This is why:
1) Every year say loss-making, and want to increase the fee
2) Why can feel before even formation, lots of non-knowledgeable people want to host group and voice about stuff which are actually no biggy
3) Like to change security team, say no money but suddenly instal a lot of gadgets.

So I want to know from members of JMB what are the perks/ thing we don't know?

And for people who share my doubts/skepticism about JMB, what are the perks u think are there?

Moreover, actually, I want to know also as I feel like I need to stomp the JMB floor (sadly) to really flush out non-performing committees.  vmad.gif

I am currently a paying member in the landed area and a future paying member of commercial title residential property.
*
Assuming you go in with honest intentions and with integrity+open mind willing to learn and work hard:

Perks:
1) Get allowance for attending meeting. Pocket change only but it's nice to be paid.
2) Get a strong say in how the building and facilities will be managed.
3) Learn organisational+social soft skills like people management and negotiating that can benefit you in career and social life tongue.gif Also helps you in future property ownership because you can understand better whether property is well managed or not
4) Network amongst neighborhood and in biz dealings while carrying out duties

Cons:
1) Headache dealing with incompetent and/or dishonest people (both on committee and among tenants)
2) Headache deal with responsibilities that you might not be prepared to take on
3) Get blamed for everything from bad weather to unfortunate breakdowns.
lollipopkan
post Mar 24 2021, 01:15 PM

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So its like being a MP but only within a building development.
DragonReine
post Mar 24 2021, 01:17 PM

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QUOTE(lollipopkan @ Mar 24 2021, 01:15 PM)
So its like being a MP but only within a building development.
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Pretty much lol. JMB is like mini politics playground.
TSKopiMalaysiano
post Mar 24 2021, 01:24 PM

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QUOTE(DragonReine @ Mar 24 2021, 01:17 PM)
Pretty much lol. JMB is like mini politics playground.
*
i guess that's why usually committee are seasoned men that are elders. The residential ones I know there is a lot of work, but I am just very worried about the upcoming ones, just seems so rehearsed like the all eyeing to get paid ranting.gif

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