Managemnt fee 2007

sparkle1

Hi has anyone received word on the amount of the management fee for this year and when the first installemnt will come out of our account. We are from the wood and have not received anyhting yet!!

avantarklu

Great News! The duplexes should be getting a reduction of over 50% on last year's fee and the 2 & 3 beds should be getting a reduction of over 30%.

Eoin

avantarklu wrote:

Great News! The duplexes should be getting a reduction of over 50% on last year's fee and the 2 & 3 beds should be getting a reduction of over 30%.

Presumably they will still be taking in at least as much money as last year, so I wonder does that mean that the larger houses are going to get stung to make up for these reductions?

LMC

avantarklu wrote:

Great News! The duplexes should be getting a reduction of over 50% on last year's fee and the 2 & 3 beds should be getting a reduction of over 30%.

What area are you in? I got a statement for my 'half yearly' fee and its working out the same as last year?? I will say my fee was reduced in the 2nd year but only due to the fact that the Court 1&2 were all sold! In saying that I do not have ANY problem with them reducing fees - here's hoping!!!:)

sparkle1

That would be great. Still haven't received anything yet. Has anyone else from the Wood?::

wicklowdub

sparkle1 wrote:

That would be great. Still haven't received anything yet. Has anyone else from the Wood?::

Still waiting for the copy of the corrected accounts for last year we were promised at the AGM:mad: :mad:

Mullie

Has anyone tried emailing the management company for Charlesland Court? O'Farrell.
I've mailed them twice and have had no response. I've read on previous posts that if a management company is not fulfilling their position its grounds to withhold payment.
Blocked drain on the central area, street lights that have been out of commission for over 1.5 months, failing to respond to clients....
Are they fulfilling their function? In my opinion they're not.

Plenty

I'm in The Wood and I have yet to receive notification regarding Management Fees for 2007. There were anomolies with the closing figures for 2006 and the amended figures have yet to be sent out as well.

Charlie-Bravo

Had a chat with Derek in Wyse this morning...he said they amended the accounts and he is sending a copy to me by post. Also he said they got the costs of the landscapers down and the fees for 2007 will be issued by post at the end of the week. Me is guessing there won't be any increase this year!

mikedragon32

Does that mean he's only sending them to you because you asked?

Perhaps he has forgotten his promise to issue them to all residents/owners within two weeks of the AGM?

Charlie-Bravo

If and when I receive the updated accounts, I'll scan them up and email to whoever wants them...but only if you actually live in Charlesland Wood!

birdwatcher

Mullie wrote:

Has anyone tried emailing the management company for Charlesland Court? O'Farrell.
I've mailed them twice and have had no response. I've read on previous posts that if a management company is not fulfilling their position its grounds to withhold payment.
Blocked drain on the central area, street lights that have been out of commission for over 1.5 months, failing to respond to clients....
Are they fulfilling their function? In my opinion they're not.

Are you for real??
They went out of their way to assist me with numerous queries.
They are the most consumately professional Management company I've ever dealt with in my life. Any time I've contacted them in the past they have answers for me within minutes.
If you need any help at all, I suggest you contact Denise Hallam.

I have to go now, for some electric shock therapy:rolleyes:

sparkle1

I just spotted a thread where people in the Park have received their management fee letter. Anyone in the Wood got theirs yet?

avantarklu

Still no sign of our bill, despite what some residents have been told by the mgt agents! The delay might have something to do with the fact that, collectively, we have been OVERCHARGED in excess of €50,000! That's €50,000 AFTER accounting for the "Sinking Fund".
As for the accounts that were supposed to be reissued to all residents, only those who have specifically requested them have received them.

mikedragon32

Can someone pass on Derek's e-mail address to me (by PM please!)?

Cheers.

[edit] I got it... Thanks Marcais and Avantarklu. I've sent an e-mail about the accounts, the guttering and the broken streetlights. I'll keep you posted. [/edit]

Charlie-Bravo

Vote Mike for President. He'll solve all our problems.

I received a copy of the accounts for the other year, 2005 I think, after I asked for them. Anyhow, I haven't even got a chance to look at them yet. And if we have been overcharged, it'll be interesting to see how much the fee is this year. Also, The Wood and The Court should compare their fees...I know the public liability insurance would differ as the common areas would be different sizes but surely they should be somewhat comparable.

mikedragon32

I received the accounts as a .pdf file by e-mail just now and also Derek says they will be posted to everyone early next week.

The lights are being looked at later next week (Thursday probably) and I'm awaiting clarification on the response to the guttering issue.

If I get President, I think Avantarklu should be my Minister for Finance and Astro my Minister for Environment. Plenty can be Minister for Health. I'll assign more cabinet positions later.

avantarklu

Woods figures from 2005 audited accounts (rounded off)

Common Gardening 18,900
Common Other 6,200
Common Estate Cont
(covers Spine road, bus etc) 22,400
Common Agents Fees 36,000
Duplex\Apartment Insurance 15,000
Duplex\Apartment Refuse 16,500
Duplex\Apartment Other 1,200

Total (excluding sinking fund) 116,200

The service charges that were billed out that year were based on budgeted expenditure of 176,500 - abit off!

The figures for 2006, based on what was said at the agm, will not differ dramatically, maybe 10-15k more. But once again, the service charges that were billed out that year were based on budgeted expenditure of 172,000

mikedragon32

Gutters will be done by the new landscaping contractor by my reading of Derek's response. He will include details of the work in the letter that will accompany the accounts.

Plenty

Hi Mike!

Can you send me contact detail for Derek. I have problems with gutters as well, that they are spilling onto the sloping roof of the extension and onto the decking. It's dangerous.

Thanks


Thanks for nominating me for Minister for Health.:D

MIKE FOR PRESIDENT! MIKE FOR PRESIDENT!
MIKE FOR PRESIDENT!

sparkle1

Did they mention when the fee letters are being sent to us at all??? Derek won't respond when i email and i have left messages:mad:

sparkle1

Hi Guys,

Derek from Wyse has just emailed me the fees. I am not happy at all. They have given us no refund from overcharges, what caqn we do about this?

duplex

2 bed 931.86
3 bed 1164.74
4 bed 1390.15

House

2 bed 411.65
3 bed 514.47

:mad: :mad:

avantarklu

There's lots we can do.
There is a clause in our agreements which, if nothing else can legal and legitimately delay payment.
An extraordinary general meeting can be called by 5% of the residents to challenge the level of fees.
Based on my calculations, currently levels of expenditure, together with a refund of overcharging, I calculate that the fees for 2007 should be (rounded up):

2 bed house - 260
3 bed house - 320
2 bed duplex - 350
3 bed duplex - 440
4 bed duplex - 520

A little bit different I think you will agree.

LMC

Im in a 2 bed townhouse in the court, our fee in 351.25 for this year, 411.65seems rather high!!!

mikedragon32

Everyone should have received their letter from Wyse yesterday. No mention of the proposed work on the guttering he said would be included in the mail he issued.

Does anyone know the breakdown of the €36,000 Wyse get as managing agents? Given the poor level of service we receive, it would seem to be pretty poor value.

avantarklu

There's no breakdown as such although they did provide us with a nicely bound document explaining what it is they do for us (& what they don't do). But they must be doing something because they are increasing their fee by 5% for 2007.

mikedragon32

5% increase is in line with inflation, I suppose.

Unlike the increase in the common fees paid to cover the Shuttle, spine road etc., which is amost FIVE TIMES the current inflation rate.

Langerland

Has anybody claimed tax relief on the portion of the fee that is used for refuse collection? I called Wyse today for a breakdown of my charges. Hopefully I will get some money back from the revenue to offset any increase...

sparkle1

I am in the process of doing that too. Will you let me know how much we can claim on?

ChickenBalls

Is anybody contesting the fees in the wood?
If it only takes 5% of us then we could get them readjusted to the proper fees. We're paying more than any other estate plus we where over charged last year! Ridiculous!

mikedragon32

Keith, it may well take more than 5% of us, as the developer holds a significant vote.

I understand that the Companies Act is being quoted as the justification for no refund/reduction in fees, which sound like crap to me.

And STILL no sign of the audited accounts. It's getting a little old now.

woodser

Had the lease checked against the leaflet circulated and accounts those who circulated it are correct about overcharges in the Wood has anybody recieved a single reply from the agents are we not within our rights to get an answer as shareholders