If you’re looking to make some good strategic bucks, you would’ve already heard about real estate. Bill Gates, Jeff Bezos, Robert Kiyosaki, would all agree. And of course, when you say real estate, renting out apartments is one of the smartest ways there is to go. Strata management does just that, managing all the different lots that you might select to add to your hustle.
A strata manager’s work happens backstage, mostly. Hence, it isn’t too commonly known that there’s a wide array of roles and identities of a strata manager that could help with your strata scheme. Body corporate Geelong management/ strata management helps with property management in a day-to-day sense, and there are different aspects you should look out for when hunting for that right match.
Arbitrator
Businesses would have people coming from a vast array of diverse backgrounds. This means it’s always a good thing to have someone neutral and objective so you can make sure there is effective communication, minimal confliction etc. A body corporate manager/ strata manager can pull their reins in when a meeting turns sour, when owners have controversial conflicts, or they could help come up with a layered solution. If a law is breached on the way, they could even support coming up with appropriate correspondence.
Chairperson
A strata manager provides support and leadership for all issues and meetings where issues may occur. They are to pre-set and present the agenda, lead the meetings, maintain order and handle the issue subsequently.
Advisor
There’s going to be a million and one thing you might not know when it comes to managing your real estate – your side hustle, or whatever mode of financial support these strata may be. This is where these guys swoop in and save the day for you. They can protect you from risk, by giving advice on your legal obligations when you need to know the laws of the land. In other cases, someone may need to provide professional advice, such as what the ordinances and building rules are like, or how to resolve problems with neighbors. These strata managers are a literal godsend in these cases.
Secretary
Strata managers take off the element of record-keeping, managing income and expenses, all communication back and forth and documents, right out of your hands. From keeping meeting minutes to maintaining all necessary listings, records, bookkeeping etc., these guys have you covered and safe for later reference.
Coordinator
A million hazards, maintenance issues and other various problems can pop up on a day-to-day basis when you own not just one housing, but a whole stratum of it. Coordinating between these issues, owners and task providers is not so easy if you don’t have in-depth technical knowledge, or a hands-on approach, especially if you’re already working another job and this is your secondary flow of income. If something goes wrong, strata managers are equipped to issue work orders, arrange for landlords/ladies to visit and fix the given situation appropriately.
Having your very own tech-support hotline when in need can literally save your life. And strata managers are here to do just that.
