You’ve purchased a property within a strata scheme. Congratulations. So, you might be asking yourself, “Why do I need a strata manager?”

Strata schemes can be excellent property investments, whether as a primary place of residence or to add to your investment portfolio.

Unlike a property on its own title, property within a strata scheme/association is subject to a range of compliance, regulatory, insurance and other responsibilities that can be complex and overwhelming.

It is incumbent on the owners corporation/association to have a set of by-laws that ensure the compliance of the building, that common areas fit within the current legislation and that the building is financially secure, properly maintained and insured and safe for its purpose.

As we progress toward a more litigious society, it is critical to have a professional and experienced strata management team overseeing your property. It is never a case of if, but a case of when, and when something unforeseen does occur, having qualified professionals by your side will ensure small issues do not become big ones and will help maintain a successful and harmonious lifestyle choice.

All New South Wales strata schemes, whether residential, community, commercial or industrial are governed by the Strata Scheme Management Act 2015.

The act is a complex document, subject to various amendments that will impact strata scheme regulations and compliance over the lifecycle of your investment.

Additionally to the Strata Scheme Management Act 2015, each individual strata scheme will have a set of by-laws or management statement for an association, that govern the property and common areas, and each member of the owners corporation must abide by the by-laws.

For the most part, strata scheme by-laws are relatively straightforward and apply to common multi-living situations. Smoking areas, car parking, general maintenance, noise control and pet ownership are examples of by-laws that will exist in a strata scheme.

Other more complex issues regarding strata fees, repairs and maintenance issues, dispute resolution, AGMs and the financial stability, fund management, insurance, record keeping and tax declarations are areas that should be under the management of an independent third party such as a strata manager to ensure unbiased, proactive and professional oversight is conducted for the protection of all stakeholders.

Quality strata managers are expert relationship builders with qualified experience in handling complex regulatory, dispute and financial matters. They also have a robust network of qualified trades to react quickly to maintenance and repair works that may pose a safety issue for the residents and or the public.

It is unwise to leave compliance, financial, dispute resolution and maintenance issues in the hands of well-intentioned but non-professional committee members.

We all want to live in a place where we feel safe and secure. When you reside in a strata scheme, All Suburbs Strata Management can take care of the heavy lifting with an acute eye on the detail. Our team members are expert in managing the interests of all forms of strata schemes and it is our role to ensure your investment is safe, secure and compliant.

Managing a strata scheme is time consuming and often thankless work. It takes a highly professional and qualified approach to ensure the scheme is properly managed in the interest of all stakeholders.

This is the primary reason for engaging the services of a reputable and professional strata management firm such as All Suburbs Strata Management.

Regardless of where in New South Wales your strata is located, our team members are mobile strata management specialists, supported by state-of-the-art administration techniques that enable fast response communication to issues that arise and updated information and action on any amendments to the act that may impact your circumstances.

Maintaining harmonious relationships within an owners corporation is a critical factor to the success of any strata scheme. When it comes to dispute resolution, timely response to repairs and maintenance issues, accurate and accountable financial and compliance governance having an experienced, qualified and professional strata management team by your side is your peace of mind that the scheme is being managed successfully.

These elements all combine to ensure a harmonious and safe environment for everybody involved and easy resolution to any disputes or repair work that may arise.

It is our job at ASSM to ensure your strata scheme runs as smoothly as possible. When you are thinking of buying into a strata scheme or are looking to engage a professional and qualified team, contact ASSM today and experience the difference that 40 years of successful strata management will make.

Liability limited by a scheme approved under Professional Standards Legislation.