Strata Chat with Joey

Second part of my chat about AirBnB and what owners can do if they have concerns.

Body corporate’s cannot change by laws to stop air bnb. Common issues that go along with AirBnB include noise, additional parking problems, public drunkenness and additional wear and tear on common property assets.

Your scheme may have a nature strip or it may have extensive gardens, owners may live on site and want to spend additional $$$$ or the owners might all be investors. There is no standard cost - it is dependant upon each scheme’s idiosyncrasies.

Replace it. Now. It will fail and when it does the water may destroy the cupboard as well. Don’t risk it.

Defamation is a common problem in body corporate schemes and it is easy for a keyboard warrior hit send on an email to a caretaker or a fellow committee member alleging that they have failed to do X or accusing them of having done X when in reality the accuser has no access to the emails or telephone calls of the accused party. It’s a dangerous game and as a committee member the body corporate’s insurance may not cover you for defamation because it is often excluded.

Quick segment on courtyards today. General speaking if it’s attached to your lot and you are getting enjoyment out of it, it’s your job to look after it. So get out there, pull some weeds, keep you trees trimmed and keep that courtyard looking nice.

I am a property nerd as we know from previous episodes. PD Online is a great resource for those who want to know about approvals granted or being considered by council. Even if you just want to have a sticky beak it’s free and worth a look.

Depending on the location of your scheme, it might be possible to get rent out of the common property by entering into a lease with a telecommunications company. It’s worth exploring and even though the income is taxed in owners hands it may help with the burden of levies.

If your building is more than 6 months old it may have copper wire as the phone line connecting the lift to the outside world. With the arrival of the NBN that copper line may cease to be operational and it is important to start thinking now about what to do about that and what options are out there.

Pretty self explanatory the NBN is here and strata buildings are not immune.