All the administrators for Luxury Condo in Singapore must offer some services such as the management of the accounts, the fiscal practices, the registry of the condominium, etc. Some are charged with tax practices (suppliers, tax deductions), others include them in the lump sum.
Often the only determining factor in the choice of the administrator to whom to entrust his own condominium, is the economic offer. This could be the worst parameter to follow if we have to decide how to choose the condominium administrator.
We take into consideration what information to request, what to check and the essential requirements to choose the best professional for our condominium.
Estimate of the administrator. This is the entry ticket to the condominium for all the administrators. Before accepting it because it is the cheapest, it is good to read it carefully.
How to make an estimate to present to the meeting – The estimate must respect some characteristics, if they are not respected the appointment could be invalidated. It must be detailed with all the well described expense items. Above all, it must clearly indicate the administrator’s compensation.
The more items are reported that involve variable costs and the less certainty will be the amount that will make us pay. Even worse if there are generic items that are not attributable to certain services, such as: tax practices or extraordinary management. Who prepares this kind of estimates can also be a good administrator but does not present at best. It is an important criterion to consider when deciding how to choose the condominium administrator.
How much does a condominium administrator earn? Certified administrators take care to divide the expenses for competence between owners and others if they are charged separately, others still do not take into consideration.
Some administrators replace the registered letters (provided that the condominium is also provided), with the relative saving on postal expenses. Other administrators make use of simple e-mails, always exposing themselves to the risk of cancellation of communication. Others still use only registered mails, charging the related costs to the interested party.
If we have to decide how to choose the Luxury Condo in Singapore administrator, we will agree in preferring who sends me the PEC, does not make me pay the mandatory tax practices, it separates the counts between tenant and owner.
Before buying something on the internet, now we are used to go looking for reviews of those who have already bought. This kind of information can also be used by administrators, notaries and professionals in general.
A condominium administrator relies heavily on word of mouth; leaving no trace on the internet means not having started a very profitable mechanism for the search for new condominiums. Perhaps it is better to avoid a professional who is not able to take care of his image.