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Body Corporate Services — Consider These When Contracting the Best Strata Managers

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October 4, 2017 in Uncategorized

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Selecting the best body corporate or strata management service is essential for strata living that is both satisfying and successful. However, a majority of property owners are not knowledgeable on the principles of good strata management, and they, therefore, find it hard to effectively choose the right one.
Many property owners opt to do their own strata management. However, the property owners who have achieved the most impressive are those who contract the services of expert strata managers. In the end, the cost of contracting qualified and experienced strata managers is justified by the results you achieve as a property manager.

The following are qualities you need to be on the lookout for when considering prospective body corporate or strata management services.
Here’s what to look for in the best strata management services

Professionalism:

You’re going to be entrusting the management of your entire building to the strata management service so professionalism at all times is a quality that you must demand. Professionalism is evident in the manner in which a strata manager carries out their duties, including scheduling/attending meetings, ensuring the property is insured, property maintenance, levy collection and banking, ensuring compliance, etc.
Another effective means of being sure that the strata managers you hire are professional is by only considering strata managers that are certified members of strata sector professional bodies such as the Strata Community Australia.

Proactivity:

The strata managers’ level of responsiveness is an essential consideration to make. Their approach to handling strata matters, such as accounting, dispute resolution, property maintenance, etc., must be proactive. Your strata manager should be quick to carry out repairs and maintenance and return calls among other things.

You’re better off paying a little more for high-quality well-performing strata managers than compromising the integrity of your property in order to make a small saving in strata management fees.

Experience:

You want to contract body corporate services that are highly experienced in managing properties similar to yours. Equally, they should have extensive experience in the field as well as requisite skills to administer your property in compliance with the established state laws. Knowledge of the laws is good, but experience navigating the legal landscape is more valuable.

Transparency:

For your strata management service to provide proper administration, it is imperative that they hold themselves to the highest standards of transparency, which is critical for duties that include financial management. Therefore, you want to contract managers who report all financial transactions accurately. Moreover, when it comes to dealing with service providers, appropriate and effective consultations are indispensable.

Good communication:

Poor communication is a frequent cause of conflicts in property management. Unfavorable scenarios are best avoided by choosing professional strata managers that have a healthy and open line of communication amongst themselves and with you. Additionally, good property managers are able to listen to the community’s needs and respond appropriately.

As a property owner, contracting strata management services are among the biggest investments you will make with respect to your property. You, therefore, need to put a lot of thought and research into it in order to contract managers who will give you the best results.

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