Learn how to hire a strata company for your properties

Posted by Kavin Ryan on December 15th, 2021

Owning a strata property or apartment complex is not simpler. You may know how complex the strata scheme and its rules are if you already own a property or a housing unit in a strata building. However, if you are a first-time buyer of strata properties? Or want to increase revenues through your strata; you are in the right place. 

Strata refer to the legal ownership for owning shared properties or an individual lot in a multi-storied building. Buyers and investors are given strata ownership to legalize their tenure and authority over a certain area or property with other mutual tenants. The strata title act scheme was initiated in 1961.

Many strata companies and professional teams in Sydney provide property management and maintenance services. But, hiring the right one among many can be puzzling. That’s why we came with the below discussion today.

Here, in this article:

• What is a strata company?
• Role of the strata company
• 4 things to check while hiring strata companies
• The bottom line

Beginning with,

What is a strata company?

- Strata Company is the type of organization or expert team that provides strata property management looks after legal and financial matters, upkeep, facility maintenance, rental activities, etc.

- They are the legal, government licensed, and permitted experts who handle strata building management on behalf of the owners. 

Role of Strata Company

- The prime role of strata experts or managers is to manage and handle overall building management instead of the property owner.

- They collect levies, monthly rentals; monitor banking and financial matters, etc.

- Arrange meetings and take appointments.

- Look after the physical condition, maintenance of facilities, and amenities in strata properties.

- Handle enforced by-laws issues, claim property insurances, taxation matters, etc. 

4 things to check before hiring strata companies

  Choosing the right and reliable strata companies can be a really hard job. For obvious reasons, every company will showcase its positive and profitable sides to the clients and customers. Here are the four prime things you can check before hiring a strata company such as:

1. Experience

The strata company should have the ultimate industrial work experience of managing different kinds of strata properties. The best way to crack this is to check their portfolios, past work reports, and clients’ testimonials. 

1. Budget

Pricing is one of the most crucial factors you should think about. Discuss what will the budget for strata property management; what will be the payment method, etc. to check if they actually provide legal services.

1. Qualification

Another vital factor is how much qualified the employees in particular Strata Company. Trusted and proficient strata organizations only hire specialized, degree-qualified, and licensed experts. 

1. Location

Lastly, never compromise with the location. Ask the strata company if they will be available anytime at any hour for providing strata services at your development. Most reliable companies cover large areas in Sydney, even the surrounding shrubs, and other cities.

The bottom line

Hiring a specialized and steadfast strata manager is a crucial task if you want to manage your properties well and make good revenues. Most licensed and popular companies provide personalized services for strata management Sydney-wide under a reasonable budget.