A strata management company is a unique organization that helps take care of a residential or commercial property owner by more than one person. Usually, such a property is relatively big because it features several units and a few common facilities, such as an entertainment room or swimming pool.
7 Day-to-day Duties that a Strata Management Company Can Perform
These professionals can perform the following strata developer services daily.
Fast and Centralized Communication
A strata manager creates a common platform and adds all the owners of the property in question. They need to pass information to all the owners at the same time to avoid confusion or disputes in the future.
For example, they can create and manage a WhatsApp group to ensure urgent information, such as a vacation notice, reaches the property owners instantaneously.
Rent Collection
A strata management company has agents that can help in the timely collection of the rental fee for the owners to receive their share. Usually, the property owners inform the agent of the amount each tenant should pay based on the location of their unit and its size.
Scheduling Meetings
These property managers plan meetings if they require the owners to deliberate on a few thorny issues. Further, they decide on the best location after receiving sufficient finances from each of the owners of the property they manage.
Property Maintenance
Strata managers receive complaints from the tenants about a broken system or faulty socket for repairs. Therefore, they can notify the owners to get the approval to contact a repairer for maintenance services.
Prepares Rental Invoices
These professionals are computer literate to make invoices for all the tenants who reside in their clients’ residences. They include all the applicable fees, such as garbage, water, and electricity bills at the end of each month.
Types and Prints Important Notices
These tech-savvy professionals can draft and print essential notices, such as an eviction notice, and pin them on the property’s whiteboard in time.
Rental Income Tax Payment
These experts remit taxes to the relevant authorities on behalf of the property co-owners. Further, they prepare vital tax documents to comply with the laws of the land.
Key Points
Property management is crucial for the owner to get rental income on time and enforce essential tenancy rules. Given this, residential or commercial property co-owners should approach a strata management company.
