Strata management services ensure the smooth operation of strata titled properties. And these ensure that day to day operations and maintenance of the property is carried out along with financial management.
Proper financial management of the property is one of the services you will obtain from Strata Sydney management companies. Some of the things they will do under this service are collecting fees from owners, collecting levies, managing budgets, keeping financial records updated and paying bills. They will keep the owners’ corporation informed of any financial updates. There are also many administrative tasks that will be carried out such as record keeping, preparing minutes for meetings and maintaining records of important documents. They will keep track of strata bylaws and regulations. You can also ask how this documentation is stored. It is important to have it stored in a location that is accessible to the owners’ corporation.
There are so many repairs
And maintenance tasks that should be completed when it comes to the common areas and facilities of the strata titled property. The strata manager should make sure that the exterior of the building along with landscaping and other common areas such as elevators and lobbies are kept in good condition. They need to inspect the condition of these areas from time to time to get an idea of when to schedule future maintenance tasks. They will generally have a programme for the property with maintenance and repairs scheduled with approved contractors. They will keep the owners’ corporation informed of any maintenance work done along with the contractors considered for the job and the costs. This ensures that the value of the property doesn’t drop and the residents will also be kept comfortable.
There are also legal services provided by the strata management services to ensure that the building is compliant with the laws and regulations of your locality as well as that in the country. Some of the regulations that the building should comply with are environmental and safety standards. And if there is any legal issue, they will take care of it and keep the owners’ corporation informed. They will also be the primary communication channel between the owners, residents and the strata committee. Any complains and requests will be handled by the strata manager and they will also assist with conflict resolution acting as an unbiased party.
There can be many emergencies that can occur in a building such as a fire or a flood.
In such an event, the strata manager will provide emergency services to ensure that right procedures are in place to ensure the safety of the property and residents. They also have a wealth of knowledge when it comes to managing strata properties and they can advise the owners’ corporation when required. They will sit in on the meetings held by the owners’ committee to take minutes down and to keep them informed of any relevant news regarding the property. They will maintain transparency in the management of the property and their accurate record keeping can clarify many matters of importance.
