Strata Management Companies provide a service to help property owners manage their property in a tax effective way, and also a service to help the owner maintain their property.
Many strata managers provide various services which include
- Strata Fees
- Management Fees
- Land Tax
- Other Services
When choosing a strata manager to handle your strata, you want to find one that provides the services you require, is cost effective, and that is reputable and has a good reputation in the market place.
Strata Management Companies like Select Strata are regulated by the Strata Management Act 1986, the Strata Management Industry Code of Conduct and the Strata Management Code of Ethics. These regulations give property owners and strata managers the right to expect certain standards of behaviour and conduct.
Strata Management Companies are also required to be registered with the Office of Strata Management.
When it comes to choosing the right strata management company, there are a few things you need to take into account. Here are a few tips on how to choose the right strata management company for your needs:
- Ask your Real Estate Agent for a Recommendation
A good real estate agent will have a recommendation or two of a strata management company that they have worked with in the past. Ask your real estate agent for a recommendation, or if you have friends or family that they can recommend.
- Get a Copy of the Strata Management Company’s Certificate of Registration
You will need to check if the company has the appropriate registration to be able to conduct their business. The registration will confirm that they are legally registered and qualified to conduct the business of strata management. The Strata Management Act 1986 also outlines the qualifications and training of a strata manager.
- Research the Strata Management Company
You need to make sure that you research the company you are considering hiring. You need to ensure that they have the correct qualifications and certifications for the work they do. It is also important that you do your own due diligence on the company to make sure that they are reputable, licensed, and that they are the right fit for you.
- Check the Strata Management Company’s Licence and Insurance
You will need to check if the strata manager is licensed and insured. You will need to check their licence and insurance because they are legally required to be licensed and insured.
- Check for Strata Management Experience
You need to ensure that the strata manager you are considering hiring has had previous experience in managing a strata. This is important because you want to ensure that the person you are considering hiring has the experience and knowledge to handle your strata.