The past few weeks we had met up with 3 Property Management Companies namely BHL, CLC and GE Tan. We had gathered some important informations pertaining to the "Cost Components" which we need to address to all residents for their knowledge.
Below appended are the "Cost Component" and estimation Budget based on the experiences of the said Property Managers :
A) Fixed Cost that will be incurred (Estimation per month)
- Professional or Consultant Fees Charged by the Property Management Company(including accounting, billing & admin) = RM2,500.00
- Staff salary that include a full time clerk and shared Full Time Supervisor(with Coaster) = RM2,300.00
- Security Services based on 3 on the day and 3 on the night (12 hours per shift) = RM7,500.00
- Cleaners - all areas covered based on 3 to 4 workers = RM3,200.00
- Lifts Maintenance basing on the current with Toshiba = RM2,300.00
- Pool Maintenance (based on daily wash basis) = RM700.00
- Pump Maintenance on schedule basis = RM200.00
- Other Maintenance includes electrical, supervising engineer, pest control & etc = RM600.00
Sub Total : RM19,300.00
B) Variable Cost
- Electricity and Indah Water (not taking into account of possibility hike in tariff if Oil Price increase) = RM5,500.00
- Office Accessories such as printing, stationery, envelope, postage & etc. = RM50.00
- Site telephone line and expenses = RM100.00
- Festive decorations = RM50.00
- Audit Fees and other legal Fees = RM250.00
- Plumbing and sanitation = RM200.00
- Purchase of electrical items = RM200.00
- Bank Charges and Meeting Expenses = RM50.00
- Others inclusive painting the wall, lifts repairs and incidental repairs = RM200.00
- Landscaping and Gardening of the building (any volunteers) = RM250.00
- Insurance for the building - propotionate to each resident (different billing)
- The above do not include any structural repairs
Sub Total : RM6,850.00
Grand Total : RM19,300.00 + RM6,850.00 = RM26,150.00
Estimate Total Collection based on RM0.20 per square feet = 1600sqft X RM0.20cents = RM32,000.00
Estimate Balance will be RM32,000.00 - RM26,150.00 = RM5,850.00
The above are merely an estimation and from the above we could able to identify the costing structures and perhaps you might think of others which have not been included as yet. If there is a sharp increase in the electricity tariff then we will see a huge increase in elecricity bills. The rest of the expenses will follow suit as well.
C) Other matters
1) Gate and walls
Had been painted up but please assist to look around for other areas that need to be touched up.
2) Toilet doors - Ladies Toilet at the Sauna Room
The locking device had been changed so that it could be locked up during night time. The guys not necessary at the moment.
3) Chairs and Tables
Had been bought by the management so that we could able to gather and have meetings.
4) Meeting Room
5) Joint Management Commitee
We will write in to request for the set up of the above. The deadline is April 12th 2008.
6) Requesting for Stone Benches from Assemblyman in Tanjung Bungah - Tan Sri Koh Hsu Koon
We will write a letter to Terry Khoo (Reprsentative for Tan Sri) and pass over to the Gerakan Branch Office along the main road requesting for 2 sets of such bench to be placed near the Guard House (both ends) to block the path leading to the drain (quite dangerous for childrens).
7) A get together to celebrate the New Season 2008
Will propose a Get Together (Buffet Dinner) to usher the 2008 "Season Greeting" in January 2008
Thanks
Good Job to Mr. Aikky Tan 2-5-2
