Strata management company is an area of property administration that involves the operation and maintenance of multi-owner buildings. Also known as body corporate management, it’s a legal concept that originated in Australia.
It involves managing and administrating shared ownership within an apartment building complex. Some tasks include: appointing tradies for maintenance work and ensuring the building meets fire safety & WHS standards.
Reliable Service
Whether you are an apartment owner or tenant, a strata manager is essential for your building. They take on the responsibility of managing a shared facility and are in charge of maintenance, finances, compliance and disputes. They also oversee the running of the common property in the building and keep residents up to date with their levies.
Strata management isn’t something you can take lightly; it pays to be selective. As with any service, the old saying “you get what you pay for” generally applies, and if the price seems too good to be true, it probably is. If a company offers low fees, it may cut corners to make up for the difference, which can be a problem within building management.
When choosing a company to manage your strata, looking at their record and client feedback is essential. Look for a team with extensive experience and an excellent reputation in the industry. They should be able to provide you with an accurate quote for your services and also give you confidence that they can deliver on their promises.
The most significant task of a strata management company is to keep the building’s financial records up to date and prepare financial reports regularly. It includes calculating and collecting fees from owners for the maintenance of the common property, recording all contributions, meeting legal obligations, providing compulsory residential strata insurance and setting up a grievance procedure.
A strata management company should be able to meet your specific requirements and budget by customising the service they offer to fit your needs. It is particularly important if you’re an investor because they can maximise returns on your investment by ensuring the building is fully maintained and compliant.
It’s easy to see how a reliable strata management company Adelaide can save time and money by maintaining your building well. It’s a service that every apartment owner or tenant should consider using. The good news is that there are plenty of companies out there that offer quality services at affordable prices.
Effective Communication
How a strata management company in Adelaide operates depends on how well council members and residents communicate. This communication can be verbal or digital, but it must always be clear and understood. Effective communication fosters better relationships between all parties and improves the functioning of a community.
Strata managers, or body corporate managers, are appointed by owners of an apartment or block of land to manage it. They act as an impartial mediator when discussing legal and financial matters with fellow owners, coordinating tradespeople and issuing levies, which are regular contributions from lot owners towards communal structures and facilities. While owners can handle their issues themselves, many hire professional management companies.
To ensure that meetings are conducted effectively, the Strata Manager must prepare an agenda and send it to all Unit Owners at least 14 days before the meeting is scheduled. This information must include any items that need to be voted on and the proposed time frame for each item. If the Strata Manager fails to adhere to these guidelines, the meeting may need to be adjourned and rescheduled at another date.
It’s also a good idea to have an email bounce rate reduction tool, such as NeverBounce, as this will significantly reduce the number of emails returned as undeliverable. It is especially important if you manage an extensive list of email addresses.
Empty Possession Notices
If your landlord has given you a notice requiring or seeking possession of your home, it can seem like a frightening or stressful experience. However, there are some things you can do to help you stay in your home. The first step is to check that the landlord has complied with the requirements of the law (including the correct notice period) and used a valid reason for possession, such as rent arrears.