This Weeks Win – a picture that tells 6.1% of the story
To answer the old chestnut – ‘Strata makes too much out of us and should do more we devised a pie chart to breakdown how administrative and capital works levies are really spent. This is a simple 14 lot residential scheme in Sydney. Of course, it doesn’t include insurance commissions and related party transaction income but still, a picture worth a thousand words.
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Michael Teys advises strata management businesses on improving profitability through professionalisation and streamlined operating systems.
He has more than 30 years’ experience as a strata lawyer and academic and has owned 11 strata management agencies throughout Australia. He has a Master of Philosophy (Built Environment) and Bachelor of Laws. He lectures and writes widely about strata management issues in Australia and internationally.
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