Maintain Your Strata Property With Effective Strata Services

By Author: Christopher Whelan
Total Articles: 74
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Strata management is a legal entity, where a natural person has the capability to maintain and repair the common property under the strata property Act. There are many Strata management companies which provide you with a unique Strata services. It is our responsibility to work with any elected management board and the Owner’s Association to help them in maintenance, administration, compliance, control and management of the property to generate a pleasant and enjoyable residential atmosphere.

The Strata management services can be divided into mainly three categories: Financial management, administrative management and asset/building management. Let’s talk one by one. In the financial management services, all the financial matters are managed in your strata corporation. The services may include collecting special levies and strata fees, budgeting, preparing financial statements and looking for annual independent audits at the demand of council. It also includes maintaining a separate trust account for each client, preparing monthly operating statements, collecting penalties, monthly strata fees, parking, laundry, storage ...
... and other miscellaneous charges. Generally, preparing monthly operating statements includes balance sheet, copies of paid invoices, copy of bank statement and resolution etc. Strata management is necessary because there are some major differences between the ownership of an independent house and the ownership of a unit or apartment under a strata scheme.

In the administrative strata management, the administrative details which are necessary to perform the decisions of strata council are taken care by the strata agents. Some of the administrative services include maintaining appropriate records as per the Strata property Act, organising agendas and minutes for council meetings, including special general and annual meetings, communicating between the strata council and owners, preparing and distributing notices to residents and owners.
In the building and asset strata managers perform a wide range of services which includes safety, security and maintain your strata corporation physical properties. The services also includes frequently arranging the planned service appointments, 24/7 emergency support by the property manager for your strata corporation, offering advice and guidance on capital maintenance and supporting in preparing a Depreciation Report as per the Strata Property Act. In this service, the managers also buy some important materials and equipments at available discounted rates.

The Strata management services cover some of the main skills like Insurance claims, Defect management, project management, Conflict declaration, meditation and dispute services, management of major works, By-law administration, Issuing, checking and chasing the unpaid Strata Levies, arranging building assessments, Occupational Health and Safety Reports, Auditors and Insurance.

Well, after talking so much about Strata management services, we need to know about its benefits also. These services offer you with an expert team of qualified strata professionals, who provide you the excellent client service and expertise. You can understand the council and local requirements. They managers make use of the latest technology to deal with your issues as they come up. The qualified and experienced managers offer effective services and communication to and contact with the Executive committee. So if you owe a strata property, then you can look for highly qualified and experienced license strata agents to estimate the exact value of your assets and look after the value of your investment.

Christopher Whelan is a Licensed Strata manager at Whelan Property Group Pvt. Ltd. has years of experience in the marketing and trading Strata management.