Owners corporations don’t legally have to use the services of a Strata Manager.
They may choose to save on the costs of employing a Strata Manager, and volunteers may choose to take on all of the responsibilities and perform the necessary duties themselves.
However, we are seeing a number of self-managed Owners Corporations making the switch to Beyond Strata – and they report to us they are making the change for a number of reasons.
Professional Owners Corporations are experts at what they do. Managing strata properties is what they do all day, every day.
They know the relevant legislation, they know how to run meetings, they know what record keeping and reporting is required, and how to ensure buildings are properly maintained.
Though self-managed Owners Corporations may save on the cost of the Strata Manager up front, professional Strata Managers have the knowledge, experience, and contacts on hand to get repair and maintenance jobs done cost effectively and efficiently.
These savings are very likely to quickly outweigh any savings from the management fees.
Strata Managers are also experts at ensuring the proper maintenance of buildings, and by ensuring buildings are kept in good order, they preventing problems from arising in the first place.
The legal requirements of running an Owners Corporation can be complex, and the rules change regularly.
Similarly, Owners Corporations must ensure the common areas of a property comply with various regulations, such as insurance and safety.
A professional Strata Manager will be abreast of what is required, and therefore more likely to avoid fines or other penalties if an Owners Corporation fails to meet its legal requirements.
If a volunteer is managing the Owners Corporation, they may have their own self interests at heart – and even if they don’t, they may be seen by other owners as not being impartial.
A professional Strata Manager is an expert in negotiation and conflict resolution.
They are professionals at building consensus in body corporates, helping the Owners Corporation to make decisions, and effectively manage the building – all conducted at arm’s length without danger of any conflict of interest or perception of conflict of interest.
Beyond Strata’s real time data and and finance systems allow all our customers unparallelled insight into their property’s financial situation.
This information gives our owners insight and control over their investment – that’s something you’ll only get from a professional organisation.
The Beyond Strata way
Beyond Strata is a strata management company that offers unique solutions not provided by traditional strata management companies.
One of Beyond Strata’s key points of difference is it uses technology to enable, providing high-quality service at a low cost, which can be customised to meet the needs of smaller owners corporations.
Our state-of-the-art Intellistrata platform is a market-leading technology platform that allows owners corporation members full transparency, control and accountability of all aspects of their property.
All data is available through a log viewed in a dashboard for each strata manager, owner and owners corporation.
Beyond has created an unique data ecosystem for the first time, through which all key stakeholders can work for the mutual benefit of all.
Give us a call on 03 8595 4364 and we can work with you to come up with the best solution for you at a fraction of the cost you are paying now.
Already many small owners corporations are enjoying superior services at a lower cost than the traditional strata offerings.