Strata management is an important part of body corporate management. To be successful, property managers need to offer the following services.
- strata administration & regulatory compliance
- managing communications with unit owners
- organizing and administering council meetings and general meetings
- optimizing operational expenses
- financial management, including detailed budgeting & reporting
- strata fee collection, including management of overdue accounts
- site management including maintenance, conducting inspections and providing reports
- strata bylaw management & enforcement
- managing site staff & service providers
- securing preferred rates for essential services & coverage (e.g. maintenance, insurance)
- risk management including appraisal of assets & coordination of insurance claims
- managing renovation and restoration projects
- peace of mind for unit owners knowing their property is well managed