Strata managers are professionals responsible for the care and administration of owners corporations. They can go by other names such as strata managing agents, agents, managers, body corporate managers, and even owners corporation managers.
No matter what they are called, their goals are to ensure that common areas and buildings within a certain strata scheme are properly maintained. This is for the benefit of each of the lot owners associated and the instructions typically come from an owners committee.
These are professionals, specialists within their given field. They have the skill and knowledge to follow the specific instructions of the owners committee, and also adhere to any local regulations and legislation. They also work to achieve and assist the lot owners by taking over the specific responsibilities of those lot owners.
The first thing to expect from strata management in Victoria is professionalism. The most important step of any strata manager is to provide the utmost professionalism and to ensure compliant administration of that scheme.
The complex legislation involved in strata management requires a professional to represent the best interests of the lot owners. A strata manager knows that legislation inside and out and can help to prevent the errors that are all too common from self-managing owners.
It also means staying on top of the challenges presented to lot owners to ensure that professional development and following an ethical code of conduct are all met.
Following Specific Duties
There are a lot of things that strata managers are responsible for coordinating for the lot owners. That means collecting and banking levies, conducting meetings, advising on matters of asset management, placing insurance, keeping financial accounts, and so much more.
Adhering to these duties can be strenuous and take more time than the lot owners have to give to them. For that reason, strata managers step in to handle each of these daily tasks to ensure that they are all met in a timely manner.
Lot owners have things to do with their time and don’t have the capacity of handling the different obligations that strata management entails. For that reason, enlisting strata managers can help make for a more efficient, highly-professional operation.
If you are a lot manager or are in need of strata management today, finding the right fit is key. It means ensuring that all of these duties are met with the utmost care and professionalism.