Card Access System and the Sinking Fund



The card access security system should be stable by now. Most of the hiccups should have been removed by now. I have not received any complaints from the residents. There is a possibility that most of the complaints were directed to my chairman. Sometimes, I don't really understand the attitude of some of the residents. They sometimes leave the doors open without making any effort to shut them. We know very well that if we push the doors to 90 degrees, they will not shut by themselves. Maybe, they are still angry with the system and they just leave the doors open deliberately. As for the residents of Block A, they should have nothing to complain about. The usual congestion at the lift lobby during the peak hours is a thing of the past now. I think it is fair to them. You exit and access at your own blocks.



The management is making preparation to replace all the car and the motorbike stictkers. I think this is a good move. Most of the owners have changed their cars but the stickers still remain the same. For other condos, they usually renew their car stickers annually. We are also expecting to see some new security guards on the 1st August. Some of the senior guards will be around for awhile to guide the new guards and eventually these senior guards would have to go too. The new security company will take over completely in a month or two. I would not know how these new guards will perform. We have the responsibility to monitor their services. If you think they are notup to the mark, by all means make a complaint to the management. You have every right to complain because they are actually paid by us. I shall look forward to the new security services.

One of my commentators proposed that the contribution of the sinking fund be abolished. He further commented that the interest earned from the fix deposit placed in the bank is able to sustain itself in the years to come. I don't think this is a wise proposal. In the years to come, our buildings would have gone through a lot of wear and tear. Many things need to be replaced. The lifts may need to be replaced and this may cost hundreds of thousands of ringgit. You can rest assured that the ex-chairman will not get himself involved in the tender exercise. The building may need a new coat of paint or else it may turn into a run down flat. Values of the properties will drop. The rental values will follow suit and owners will start to default on their maintenance fees which will further deteriorate the services rendered. To keep the buildings in good condition, we need ample fund. This is when the sinking fund will come in very handy. Sinking fund is a very important fund for any condos. Condos without sinking fund are condos which are badly maintained.

Goodnight and have a nice day!