Owners Corporations can perform the duties of a strata manager, but whether they have the time or expertise is quite another matter.

Strata schemes are not legally obligated to engage a professional strata manager however it is most certainly an advantage.

Strata Managers are responsible for an entire building, ensuring that the building and common areas are properly maintained and compliant with industry and insurance regulations.

The management of common property is subject to complex legal requirements and continually evolve so making sure that your property remains compliant, takes quite a bit of time and effort.

Strata managers are the point of contact for coordinating meetings for owners to discuss use and management of common areas, parking issues, repairs and maintenance etc.

Strata managers also handle all correspondence regarding the building from existing tenants, owners and potential buyers.

They are often charged with arranging quotes and hiring trades-people to carry out works, as well as, submitting insurance claims and keeping records of all activities carried out in relation to the property.

As an independent and impartial voice, strata managers can achieve a consensus amongst owners a lot quicker than a committee compromised by competing self interests.

Strata managers can also limit unnecessary costs, as they have expertise in determining budgets to keep a property in an optimal state and are far more familiar with maintenance and repair costs from qualified local suppliers.

Strata Managers should not try to perform the role of property manager as it is a conflict of interest, as they have several legal obligations when it comes to the management of a building.

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