The start of a new financial year is often associated with personal tax returns, but it is also important for strata schemes. It’s not just another date. It’s an opportunity to review the building's financial position, upcoming maintenance and priorities for the months ahead.
The start of a new financial year is often associated with personal tax returns, but it is also important for strata schemes. It’s not just another date. It’s an opportunity to review the building’s financial position, upcoming maintenance and priorities for the months ahead.
Terms like capital works fund, maintenance scheduling and forecasting might sound highly complex. But they’re just part of good long-term strata planning. Being organised and proactive helps reduce unnecessary, expensive surprises in the future.
Terms like capital works fund, maintenance scheduling and forecasting might sound highly complex. But they’re just part of good long-term strata planning. Being organised and proactive helps reduce unnecessary, expensive surprises in the future.
From the outside, a strata manager’s role can seem reactive, but much of it involves constant prioritisation behind the scenes. Multiple issues will typically arrive at the same time in strata schemes, but not all of them carry the same level of urgency or risk.
A strata AGM is not the finish line but the beginning of the next stage for the scheme. Important decisions are made, budgets are approved and responsibilities are assigned, but the outcome of it all depends on what committees do afterwards.
What does a well-managed strata scheme look like? Communication is clear, responses come through when they should, and nothing feels unnecessarily complicated. And when something goes wrong, it gets handled without becoming a big issue.
There is a reason compliance for strata committees entails documentation, and expectations in NSW have increased in recent years. It supports transparency, accountability and decision making, as well as dispute resolution when required.
In recent years, strata governance in NSW has undergone significant legislative reform. Transparency has been a major theme. And that’s why strata managers must now report a bit more often to the owners corporation than they previously had to.
The working dynamic between those making decisions and those responsible for carrying them out has a real influence on how things function. When strata committees and strata managers can work effectively together, everything improves.
We provide Australia’s most professional and comprehensive strata management services across Greater Sydney and other parts of NSW. Our expertise spans residential, community, commercial and industrial strata schemes. It’s easy to switch to All Suburbs Strata Management. See the extensive range of suburbs our certified strata managers oversee below.
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