More Australians are choosing flats, townhouses, and multi-unit projects as their homes or investments as more people move to cities. Because of this change, it’s more important than ever to have well-organized strata management and body corporate services. These services make sure that properties that are shared work well, follow the law, and are good for both owners and tenants.

What do services for body corporates do?

A body corporate, also called an owners corporation in some places, is formed when land is divided and registered under a strata title. Everyone who owns a lot in the complex is a member of this group. It is in charge of keeping the common areas clean and tidy, like the elevators, lobbies, gardens, and other amenities.

The professional and administrative work that keeps this group going is called body corporate services. These are:

• Taking care of and fixing things that belong to everyone
• Handling the building’s insurance and public liabilities
• Getting money from lot owners
• Handling money and budgets
• Writing things down and meeting with people
• Resolving arguments between owners or residents

To do these jobs well, you need to know state laws and property rules that apply, as well as how to manage people.

What does it mean to manage strata?

The body corporate is made up of the owners of the property, but many of them hire a professional strata manager to handle the day-to-day operations. People or companies that are good at managing strata-titled properties offer strata management as a professional service.

The body corporate hires a strata manager to make sure that all of its work is done in accordance with the law. Some of their most important jobs are:

• Making sure that buildings are repaired and kept up
• Making yearly budgets and financial statements and keeping track of them
• Setting up and going to AGMs and committee meetings
• Taking care of letters between contractors, lot owners, and people who work for the government
• Making sure that laws and by-laws are followed

In short, strata managers are in charge of making sure that a strata community runs smoothly.

The Benefits of Hiring a Professional Company to Manage Your Body Corporate and Strata

Understanding the rules and laws that must be followed
It can be hard to understand strata laws, and they are different in each state. A good strata manager makes sure that your body corporate does everything it needs to do by law.

Managing money well
Professional strata managers take care of all the money issues in a clear and correct way, from setting levies to planning audits and managing sinking funds.

People who live together often have disagreements. Strata managers with a lot of experience can help people settle their differences and keep lines of communication open between residents.

Taking care of and managing assets
The property’s value stays high with regular maintenance. A proactive manager makes sure that the building is safe, useful, and looks good.

Investors and owners can relax.
Property owners can relax because a specialised strata staff is taking care of and protecting their investment.

How to Choose the Right Strata Management Company
Different strata management companies provide different levels of service. When you choose a service provider for your building or development, keep these things in mind:

• Experience with homes like this one
• Clear fee schedules
• Services that are included
• Reviews and reputation from customers
• Talking to each other and reporting using digital tools

A good strata manager will work closely with the body corporate committee and show that they are proactive and focused on finding solutions.

The Last Words
Strata living is becoming more and more popular, so body corporate services and strata management are becoming more and more important for property owners who want to be successful. If you’re a first-time investor, an owner-occupier, or part of a large complex, getting the right management help can make a big difference in the long-term value, harmony, and liveability of your property.

If you need reliable, professional management for your building, you might want to hire a strata services company that knows what your community needs and gives you value at every stage.