When selecting a strata company, look for one with an experienced team to support your council – including human resources specialists, building warranties experts, accountants and technology specialists.
Strata managers are responsible for creating budgets for the owners corporation committee’s review and approval and ensuring fees owed by owners corporations are paid promptly. In addition, strata managers communicate with owners and tenants regarding property maintenance issues and notify them about meetings at their facility.
Managing a community
Professional strata management South Australia companies can provide many valuable services at an affordable fee, from financial and legal management advice for handling disputes and helping owners understand the complex legislation governing strata schemes – saving time and effort while helping avoid making inadvertent errors.
Time management skills are of vital importance for strata managers. Juggling hundreds of emails, phone calls, and meetings daily can be overwhelming; therefore, understanding what their clients require will allow them to prioritise tasks more efficiently while providing exceptional customer service.
Strata managers must be capable of accurately assessing their community’s budgetary status to provide councils with expert guidance when planning expenditures. Furthermore, this assessment allows strata managers to detect any risks that might jeopardise the long-term stability of their strata corporation.
An effective strata manager must foster a sense of community within their building by organising social activities and creating an atmosphere where residents can discuss shared interests. Furthermore, a strata management company may offer facilities designed to promote interaction, like recreation rooms. Moreover, booking systems allow owners to book the space for personal events.
Managing a building
Managing a building with strata management South Australia can be arduous and intricate, involving much paperwork and resolving many issues. A strata manager plays an essential role in mediating disputes among residents in an impartial fashion, offering suggestions that may improve harmony within the building, organising social events for residents to attend and gathering feedback about how services from the strata company could be improved.
Strata managers are also responsible for organising and scheduling executive committee meetings, annual general meetings and community gatherings, including preparing contribution notices, meeting agendas, minutes and proxy forms for these events. Furthermore, they maintain records such as committee register and roll. Strata management companies use effective operational procedures to streamline common tasks while improving resident communication.
Strata management involves overseeing issues that impact an entire building, such as managing roof maintenance, elevator service, walls maintenance and door/window repair/renovations in common areas such as foyers/corridors or shared leisure facilities such as pools and gyms; repairs/renovations work is also done here as necessary for communal spaces like foyers/corridors or pools/gyms etc.
Managing a property
A strata management South Australia company assists owners in managing their properties by sharing responsibilities for common property areas, such as stairwells or driveways. Furthermore, this firm handles administrative tasks such as collecting levies, managing insurance policies, and archiving records. A good strata management firm should offer clear communication between its services to owners and stakeholders and value-added services to its client base.
A good strata manager should respond quickly to issues, from broken gates or leaks in the water supply to finding tradespeople to repair repairs rapidly and on schedule. They must be able to make regular progress reports regarding repair projects with their councils or residents regarding progress on repairs projects.
Strata management companies must abide by the regulations set by their RESA or REBC license to properly manage a strata scheme and meet the quality expectations set forth. If these rules are violated, there could be severe repercussions for both manager and the community.
Managing a lot
Strata management is an all-encompassing task in which great strata managers excel. As experts in real estate and property laws, as well as intimate knowledge of owners corporation management and specific instructions issued by owners corporations for following particular instructions given from owners corporations, good strata managers understand these duties excellently.
An owners corporation ensures the building and common areas within a strata scheme are kept in reasonable condition by recruiting cleaners, gardeners, and maintenance specialists and coordinating maintenance decisions with suppliers and contractors. They are responsible for timely payments of utility bills affecting the common property and setting aside a sinking fund to cover future capital expenditure expenses. Furthermore, they administer owners corporation by-laws while recommending to their committee about implementing any new by-laws or amendments thereof.