Expenses Ratio of Management Juristic Person High Costs Condominium Case Study: Guardian Property Management

Abstract

This research focuses on the study of Juristic Person Management Revenues and Expense Ratio of
High-priced Condominium, as well as factors that affect them. Due to adequate storage and projection of expenses, the environment of the company is always managed. Case studies have been selected as 4 high-priced residential buildings. Buildings managed by Guardian Property Management Co., Ltd. Through studying financial statements, case buildings, studying and interviewing condominium managers.

From study of data 3 main parts. 1. Revenue 2. Expenses 3. Factors affecting expense the report will be the average per revenue and expenses between 2017 and 2019. With income found in 8 categories as follows: 1. Common fee revenue 85.86% of the project's main revenues 2. Surcharge revenue - common fee increases is average 0.58% 3. Water supply revenue is average 2.70% 4. Electricity supply revenue is average 0.51% 5. Common area rental revenue is average 1.15%. 6. Interest revenue is average 2.38% 7. Other income is average 2.30% 8. Improvement revenue found only the building. Case study Building 1 had an average of 12.82%. The income ratio was similar for all 4 buildings except for the first building that found the income category 8, causing the average to increase.

Expenses found in 6 categories as follows: 1.Contract expenses are average 68.20%, classified as fixed expenses over the period of the employment contract Section. 2. Utilities expenses are average of 17.61%. 3. General and administrative expenses are average 1.73%.4. Repairs and maintenance expenses are average 6.81%. Section 5. Other expenses were found to have the lowest proportion of all 6 categories. The average value is 0.38%. Section 6. Improvement expense has an appearance as a variable expense that is quite highly variable the proportion was between 0.13% - 12.82% or an average of 5.28%. In conclusion, all 4 buildings had similar proportions. Except for Section 6, which depends on the engineering operation plan of each building.

The factors affecting costs are cognition, including the satisfaction of the Co-owner and Board of directors because they approve the budget as well as the priorities of the work. Sourcing service providers offered by management companies in some cases, it is found that the Co-owner or the Board of Directors will be the proponent of providing services in addition to the information provided by the Company. Their are willing to bear the extra costs in exchange for good service, standard and maximum satisfaction.