It is important to have a reliable strata management company to ensure that responsibilities such as managing finances, administrative tasks, resolving disputes, maintaining the building and carrying out repairs are managed effectively. You will need to research before selecting a company and the article below will give you a few pointers to consider.

It is important to consider the experience of the strata company.

Check how long they have been operating in the industry. You should have a good idea of their reputation in the industry as well as their expertise when it comes to strata laws and regulations. There are many issues that can come up when managing a strata building and the company should have the experience and be well equipped to handle these issues. You can consider the range of services offered by the Sydney strata specialists. Some of the services you should look for are coordinating maintenance, organising meetings, managing finances, resolving disputes and managing insurance. You can also check if there are specific services that you are looking for so that you can list the companies that provide them. Generally, it is best to select a company with a comprehensive range of services.

You need to consider how the company treats communication with the owners.

You can check how well they respond to your queries in the beginning. But it is always a good idea to check up on references and read online reviews to get an idea of their responsiveness. If they are not transparent in their communication or don’t keep you updated, then the residents of the strata building will feel their concerns aren’t taken care of. And this can lead to a lot of frustration. In the beginning, you can ask about their approach to communication and how they will keep you updated. There should be a common format that can be used to communicate. Financial management is another aspect of strata management and this requires a professional that is adept at budgeting, financial reporting and accounting. Within proper financial management, there can be so many issues that can come up. You need to ask the company about the financial systems they have in place in order to manage the funds of the strata.

You can ask

For recommendations from other strata communities to get an idea of a reliable strata company. It is always best to check feedback from those that have experienced the services of the strata company. You need to ask the company for references so that you can follow up on them. You can also ask for the qualifications of the strata managers employed by the company. They should have industry certifications ensuring that they have undergone relevant training to gain experience in this field. Ask about their experience in managing strata and the nature of buildings or communities they have experience in. Are they the same scale as what you have in mind? Ask the company about their technological capabilities as well because this will help streamline so many processes and increase their efficiency.