Woeful record of body corporates
RRESPONSIBLE BODY corporates could leave complacent apartment owners facing ruinous repair and maintenance bills, a property management expert warns.
Tuesday, May 4th 2004, 6:44PM
by The Landlord
Rob Macdonald, director of specialist property managers Crockers, in Auckland, has taken a swipe at the industry entrusted with the thousands of apartments springing up around the city.He says many apartment complexes are poorly served.
"The performance of many property managers is woeful, lacking professionalism."
Macdonald says the property management industry is not keeping pace with the demands of maintaining modern high-rise buildings.
"Managing an apartment development has become far more complex. You've got major equipment such as lifts, heating systems and air conditioning to look after, not just a few shared letterboxes."
At the heart of Macdonald's concerns is body corporate administration which, he says, needs a shake-up.
"Too many body corporates are dangerously under-resourced and run by people with no long-term maintenance strategy."
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