If you’re one of the many individuals living in the inner-city who live in an apartment complex, you’re probably in close quarters with your neighbors. While this has its advantages, who do you contact when an issue arises? We explain what a strata manager is and why you need one if you live in a residential apartment complex.
A strata manager is also known as a body corporate manager. These individuals are in charge of administering a property’s common spaces, including the financial, administrative, and social components of the strata system. A strata scheme is a system of ownership for many buildings or a single property. Each owner has a lot or a unit, which is usually an apartment, townhouse, or commercial/retail space. Any communal property, such as a driveway, is, nevertheless, shared. Strata management Footscray is in charge of all day-to-day concerns in a building, such as keeping the common spaces clean and well-maintained.
A strata manager is sometimes mistaken with a property manager; however, strata managers do not rent or sell their property. They contact all tenants and owners to inform them of upcoming meetings or to solicit financial donations for the property. Other duties include filing insurance claims and maintaining necessary documents of the building’s administrative data.
A strata manager is a multifaceted position. Their daily activities vary from assisting residents to maintaining financial data. Some of the primary roles of strata managers include: Holding responsibility for not just the physical look of the building but also its social preservation. This entails delivering pertinent information about the building’s rules and regulations to each resident and then enforcing such policies. If a disagreement arises between two residents, the strata manager serves as the primary mediator.
A strata manager is directly responsible for the happiness of their residents, so if there is a need or desire for something in the building, such as adding more furniture to the common areas or converting a bare rooftop into a rooftop garden, the strata manager is the person who investigates whether this is feasible or not.
While this is mostly an administrative profession that assists residents, it also deals with sensitive financial information. Strata managers produce budgets for the Owners Corporation’s approval; such budgets would contain the funds required for bigger changes or upgrades to the structure. They also ensure that any payments owed to the Owners Corporation are paid on time.
As a resident, you are totally responsible for your own safety. However, strata managers must adhere to a strict set of rules and regulations. This includes certifications for elevator and fire safety, as well as verifying strata security systems for units conform to current regulations. It is their responsibility to keep their property up to date and in compliance with all applicable rules and regulations, and they are personally liable if there is a safety issue.
Today’s strata managers must deal with a plethora of chores in order to keep up with contemporary buildings and their plethora of services, with their work getting increasingly complex over time. From managing resident issues to maintaining common spaces. Whether it’s the care of a building gym or the more perplexing zoning of lower floors, strata managers now have an increasingly difficult responsibility.
