defaulters issue :(

we have no choice but to put up the defaulters list at the notice board, we would not like to do it if our finance is always at the comfortable level.

there are few major expenses recently which is abt to dry up our building maintenance fund, namely blk j lift rope (14k), swimming pool pump & domestic water pump (total abt 8K), blk k rain gutter (7k), even though these items can be likely claim from insurance as the damage are due to weather & power surge, but it will take at least few months to see the money paid from insurance company, but right now we have to start paying the contractors in installment manner, easily 3k per month, besides the 7K we have already paid to lift contractor as the down payment to purchase the rope, so that blk j lift will be again be running, hopefully early next week.

normally we will keep abt 10K in the bank account as buffer, for real emergency use, but this time it has dropped to 5k due to blk j rope replacement, and we hope to build it up (to 10K) again as soon as possible, because we don't know when another urgent need will come, but it's very hard to archive that as we need to pay those installment as mentioned earlier, so right now we are facing a mini crisis :(

it's also quite shocking to learn that actually the outstanding by the defaulters is quite a big sum of money, total for blk j is abt RM54K, and for blk k is 87K, which means there's more than 140k owned by the defaulters, and we badly need them to pay now for the above mentioned repair cost, and for the upkeep (even to upgrade) our aging facilities, especially the water tanks.....

it's not fair if we just rely on the good pay masters to contribute for the maintenance & management of common facility of Vista Condo, we hope that the defaulters will come to their right senses to understand that it needs everyone's cooperation (especially in the finance area) to help to keep Vista Condo's facilities in good shape, for the defaulters too are using the lifts, corridors lights, rubbish room, etc.....

if you are reading this, and you have chance to talk some of the names in the defaulters list, perhaps you can help to encourage them to pay, we hope we don't have to send them legal notice of demand, and even drag them to court for the repayment.

thanks.

last post temporary suspended

hi guys,

we need to temporary suspend the last post as both sides started to exchange strong words, and not so appropriate one too, we just worry the matter will get out of hand & become big problem.

pls use the proper words when give comment so that it will bring constructive action, we know that everyone who give their comment here are with the good intention, but just need to polish the words a bit.

for those who give their comment in last post, we would like to meet up with you guys to clarify the issue, pls do email us at vistacondo.relau@gmail.com, so that we can explain further on the matter.

thanks..., happy Deepavali.

some proposals for budget 2015

Najib has just done his budget 2015 presentation in parliament, perhaps it's also right time for us to look at how will be our financial outlook next year.

in fact we will spend some time to look at it in the coming committee meeting....

at the moment our monthly income based on the collectible:

service charge RM27500 from 275 unit, and RM2000 from car park rental, total is RM29500, with the condition that most of the residents willing to pay promptly.

regular expenses will be 6200 (TNB), security (4300), management (3300), cleaner (2100), lift (1400), pool (850), PBA (800), 500 (Genset/Electrical contract), 175 (pest control), 240 (phones for office & MC), 2500 (maintenance & parts), for which the total will come up to RM22365.

monthly surplus, RM29500 - RM22365, will be RM7135, or RM85620 per annul.

the surplus will be used to fund some of the project which we have mentioned in previous postings...

assuming, by God's grace, next year we will get gov't financial aid to paint the building, RM350k total cost, which for that we will need to pay 20%, or 70K, so we will take from the above surplus of 85620, to pay this, then another 7 should be used for water tank lining replacement, where 20% need to be paid by us from the total cost of RM35k for 2 tanks. Then the balance of another 7K will used for other upgrading project.

thanks.

challenges ahead (part 3)

(side track a bit, if u are reading this, pls pray for Ms Ang our management lady boss, her husband admitted to hospital due to main blood vessel burst, now doctor is doing an emergency operation on him, condition consider as critical, pls pray that he will be able to pull through this stage, thanks!)

last week we mentioned much on the water tank & strategy to counter it's challenges, this week will shift our focus to the more visible, the condition of the paint on the outer wall of both blk J & K, even the corridor wall as well.

in fact even though it's not as urgent as the water tank lining, but the priority will still be given to it, as the old paint will give a very bad impression to those peoples (especially visitors) on our place, and it affects our property value as well.

at the moment Vista Condo apartment worth 280k to 310k depending on the condition of the unit, but if we put a new layer of new paint on the outer wall, one can expect increase of abt 50k immediately :)

sinking fund still no news...., so again we are hoping state gov't will extend help on this, on the 80% - 20% arrangement, one good thing is in the past they didn't even want to consider our appeal on this as we are a private project, but lately they have changed their policy, private project is within the scope of their consideration as long as we can show them that we a low medium cost apartment, for which we have done our part & they will consider our application on this.

the latest development on the application is, we have spoken to both the EXCO & the YB in our area, advice were given that pls submit the application next year because this year they have already given us more than 150k for the lifts upgrade, so, let's try in year2015 :)

thanks.