Strata managers are the people that you pay to run your development. They’re responsible for everything from managing the bookkeeping and financial affairs of strata schemes to handling disputes between owners and being a go-to person when problems arise. But what if you don’t know anything about strata management? Or worse still, what if your strata have been struggling lately? If this sounds like your situation then read on because we’ve got some simple signs that could mean it’s time for a new manager!
Inefficient Operations
A strata manager can help with the management of the building and financial management. They’ll also be able to handle maintenance and repairs, legal matters, insurance claims, and more.
If you don’t have a strata manager in your building or if you’re having trouble finding one then there are some things that could be causing this issue:
- You might not know how much money is flowing through each part of your strata complex so it’s hard for you to calculate what needs funding next year or even next month! This will make it harder for anyone who wants to invest in new equipment because they won’t know how much cash they’ll need upfront before they buy anything new;
- You may not have enough information about where all this money goes – who gets paid and when? What happens if someone doesn’t pay out their share at all during one period?
Poor Administration
Once you’ve decided to hire a strata manager, it’s important to know that this individual will be able to help with the administration of your strata. In particular, they can assist with financial management and legal issues.
The administration of strata is complex and requires ongoing attention from all owners. A good strata manager will ensure that all owners are kept informed about decisions that affect them, such as new rules or policies being introduced in their building.
Lack Of Engagement From Members
If you’re not getting engagement from your strata, or if it’s too high, then consider hiring a strata manager. A good strata manager will engage with members and ask them questions about what they want in their community. They’ll also work on maintaining relationships with the people who live there so that they feel like part of something.
Sometimes one person needs to step up and host an event or discuss an issue at hand; however, sometimes there is no one willing to do it because everyone has busy lives outside of their homes! A good strata manager will step in without hesitation if needed so as not to let down any residents’ expectations for these types of activities happening regularly within their communities.
No Expertise On The Owners Corporation
If you don’t have any experience with the Owners Corporation, it’s time for a strata manager. The strata manager will be able to help you understand how your building works and what rules and regulations apply. They’ll also be able to explain the financials of owning an apartment or house in a complex like this so that you can make informed decisions about whether or not renting is right for your situation.
Disputes With Other Owners
A strata manager can help you manage disputes that arise between owners and other members of your community. If you’re unhappy with how your strata are being managed, it’s important to know who else is unhappy about it, so that you can work together to ensure everyone’s needs are being met.
For example, if a neighbor is constantly complaining about noise in their unit or rude behavior from another resident, having a strata manager could be helpful because they have experience dealing with similar issues within other communities (and may even be able to help mediate between neighbors).
A Strata Manager Can Help If Your Strata Is Struggling
Although strata management can be a time-consuming task, it’s worth it to keep your building running smoothly. A strata manager can help with this by looking into the issues and fixing them before they become bigger problems. They will also ensure that all members are being treated fairly and have access to information about what is happening in their building. We hope you found these signs helpful in identifying if you need a strata manager!
