A new business ideaA new business idea

About Me

A new business idea

I'm the kind of person who has a lot of good ideas for businesses but I don't have the time and money to get them all going. That's why I thought I'd start this blog. It's a place for people with great ideas to connect with other entrepreneurs and understand how they can take a great business idea from a business into reality. Getting advice from seasoned business owners can help you to be more successful and can make the journey a lot easier. I hope this blog will help other people looking to start up a new business from a great idea.



Latest Posts

Are You Looking for a Way to Power Your Business?
9 July 2021

Does your company rely on mains electricity for ev

Why Timber Is a Great Choice of Structural Material
8 April 2021

There's a variety of structural materials availabl

Understanding the Benefits of Engineering Services
30 December 2020

If you want your company to succeed you must ensur

Running a Food Business? 3 Tips to Choose Workwear for Your Employees
21 October 2020

If you run a food business, you need to do several

Signs Of Tampering That Should Prompt You To Enlist Locksmith Services
3 August 2020

Although most homeowners are acutely aware of the

Body Corporate Managers: Your Questions Answered

If you own a shared housing solution, you may be considering hiring a body corporate manager. A body corporate manager is responsible for the management of a property which is jointly shared, such as a large condominium complex. A good corporate manager can be invaluable to a property owner, as the work they do can help to free up time and resources which can be used for other projects and developments. Below is the answer to 3 questions you may have when you are hiring a body corporate manager.

What level of authority does a body corporate manager have?

It is important to not that a body corporate manager does not have the authority to make day-to-day management decisions about the how the property is run. A body corporate manager is responsible for organising meetings between the owners of the property, taking accurate minutes of any meetings and preparing the monthly, quarterly and annual financial statements. You may wish to grant the body corporate manager the authority to pay certain utility bills, but they will typically not have the authority to sign checks or to authorise other payments without your express permission.

Should I seek advice from the body corporate manager?

Because a body corporate manager will develop an excellent understanding of the property, you may wish to clarify or seek advice about certain matters. While this is appropriate, it is important to remember that although a body corporate manager will have a good working knowledge of health and safety legislation, zoning restrictions and other things you need to comply with, they are not a qualified lawyer and so they should not give legal advice. You should also keep in mind that although they will know about the property, the body corporate manager is not a real estate professional and so you should not seek advice about the value of the building compared to others on the market.

Should I allow the body corporate manager to manage the funds for the property?

The management company will be willing to collect and bank income and other funds from the property so they can be managed on your behalf. You should be able to dictate exactly which funds they have custody of. The advantage of allowing a body corporate management team manage your funds is that it will help to prevent fraud and thief as it will make it all but impossible to access the funds without the proper authorisation.

If you would like further information and advice, you should contact a body corporate management company.