Gerry invests in Unit 2 right
behind me and Jim in Unit 3 in the far back corner. Jim already has other
investment properties. I’m the only owner occupier. Tenants move into the new
brick units. Doing the dishes, I observe them all coming and going from my
kitchen window. We never speak: we all mind our own business.
Our first body corporate
meeting is at Jim’s manicured palace in the nouveau riche sector of
Mooroolbark. Mike, Gerry and I want to self-manage but Jim bulldozes us into
appointing a manager. He bluffs and blusters and hectors us into appointing his
man, Brendan. We cave in to the strength of his conviction that proper property
management is necessary.
Brendan turns out to be a
pathetic manager, complying with almost no legal requirement: no common seal,
no plaque at the entry to the property with our BC number and contact details,
no annual meetings, and meagre financial accounting.
In time Dan and Joyce buy Unit
2 from Gerry and Fio and Alvena purchase Unit 4 from Mike, whose passion for
investing in property has curdled. They live on site like me and we all want to
self-manage. I am delegated to ring Brendan on our behalf with some curly
questions. Before I get one out he offers to resign. His management fees barely
cover his costs, he says.
I accept his resignation, but
we don’t tell Jim because we know we’re in for a fight, and we want to fore-arm
ourselves. But out of the blue Jim appears last evening. He calls first on a
bewildered Fio who speaks little English. Then Jim and Dan almost come to
blows: they hate each other. Dan claims Jim owes him money and won’t pay.
I know none of this until Jim
rings my bell. It’s almost dark and I’m on the couch in just a sarong. Jim
disparages my taste in evening wear before sounding off about ‘the mad old
bastard’, saying he’ll ‘tip him up’ if Dan lays a hand on him again. I’m in the
dark.
I detest this man and feel
sullied for hours after he leaves.
Things are all out in open now
and trouble is brewing.
Rock on.