recently we were confronted by 2 issues, which will burn 2 big holes in the management account's pocket...
for info, past 2 years, even though some big money had been spent for upgrading or repair or install new facilities, but in bank account we steadily keep something in between 15K to 25K, for in case of emergency.
part of the reason we kept this money is for the TNB & PBA deposit, because all this while our TNB & PBA are under developer's name, even though we are not sure they used their own or our money to pay the deposit some 15 years ago, but we thought we must keep enough money if we will be asked to transfer these accounts under MC's name, for which, the deposit will be in between 15k to 20k.
true enough last week we received the notice from developer that they will terminate the TNB account soon, & as we approached TNB for the matter, we were asked to pay abt 20K for the deposit, but we still negotiate with their higher management officer & hopefully can cut it to 15K.
anyhow, if our wish is granted, then the 15k in the current account will be transferred under refundable deposit, but practically can't be used by us as long as we are still using TNB supply.
then, when we are still feel the heartache because the saving in bank will be reduced so much, another big blow just arrived!
2 different vendors have checked our blk k water pump (which sending the water from ground floor storage tank to roof top water tank) & informed us that 1 motor is damaged beyond repair! the new motor will cost in between 15K to 18K, depending on the model & manufacturing country.
now we are getting another vendor to check & give his opinion, hopefully he will know how to repair it (chance is slim, though), we are talking to insurance company now as we also insured our facilities under equipment all risk policy, hope can claim some money from them, oh ya, yesterday we also approached YB Yeoh for help, hope to hear good news from him soon.
now feel even more heartache, aaaaahhhhhh!!!!!
a long long long sigh !!!
2 comments:
Dear MC,
Good day!!
I have one suggestion. Can we just reno the toilet to a small unit and rent it out to mini markets. It will generate income to our fund. Furthermore it will be easier for us to get things rather then drive out.
hi,
thanks for the suggestion, we do see ur point, just that we did receive some other suggestion like turn it to a gym room also :)
well, let's present it to residents in AGM or EGM & see what they say.
thanks.
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