Strata Titles Board rules that MCST has no power to permanently remove common property

If you have 1. 50 SP paying you via GIRO , 2. The developer issue one cheque to pay the MF and SF for a few units(20 units) of unsold properties How long it takes to enter all the payments of different SP accounts? 30 minutes? That is fast though. What if you can do…

Are you still calculating manually the late payment interest ? Do you include the day the payment received or not including the day the payment was received? Sounds familiar? The one that owes a late payment interest (your SP), will most often challenge the way your system calculate the late payment interest. We have seen…

Looking at the picture, both are fruits, but looking closer, one is an apple and the other is an orange, but they are considered fruits generally. A lot of accounting software is designed for trading or service businesses but not for property management (MCST)  account. If your software is not designed for a MCST business,…

SP may have more than one vehicles under their children or family members name, that is not under the strata roll Most of the time, you will keep a separate excel listing of who is who , in case when there is an emergency to locate the owner. And worst is you may not be…

Recently, a managing agent started off his business to manage small private properties. We recommended our Basic plan that come with maximum of 20 sub-proprietors to start off with. His comment was I do not need such complicated features and functions, I need something simple. We would love to provide a simple solution but in…

  Credit: Business Times  If you are still using physical cheques to make payments to your suppliers or vendors instead of using bank transfer, come November 2023, each single cheque will be charged a $0.70 cents regardless of whether you issue out or receive one. At the same time, to stop taking corporate cheques by…