What Is The Difference Between Strata and Property Manager

Real estate is a diverse market, and as such, it can be hard to determine the differences between various types of properties and managers. The hardest to understand might be the difference between strata and property managers. This article will shed some light on the situation and give you more information about these types of managers so you can gain a better understanding of the real estate industry.

Administration

Strata managers are responsible for many things, but the administration is the main one. They are the middlemen between potential buyers and owners of strata properties. In other words, strata managers are responsible for keeping the communication channels between owners and buyers open and clear.

Aside from that, strata managers will also run meetings and schedule regular maintenance. While they don’t maintain the properties themselves, they do need to oversee the maintenance of the common areas. Any communal amenities like a pool or a court, and any wall painting and repair will be handled by a strata manager. 

When owners are in need of emergency repairs, they’ll also call the strata manager first. On top of all of this, a strata manager’s duties extend to ensuring legal compliance and getting all the necessary certifications and insurance.

Finances

Strata managers are the ones that take care of the finances. From balancing the books to collecting levies, they’re the ones working things behind the scene. Let’s not forget strata managers are in charge of getting payments to tradespeople, too.

When it comes to levies, it should be noted that there are many different types. Specific strata levies will depend on specific schemes and apartments. The strata manager will be responsible for managing them correctly, and this can be a tough job depending on how complex the scheme is.

Those who live in strata apartment complexes, for example, will be required to pay more levies. This is because those apartment complexes usually have more amenities that the strata manger needs to keep track of. As well as that, owners who have larger lots will be required to pay more than their neighbours.

Community

The best strata management people will also have a strong sense of community. A strata manager will be a peacemaker, mediator, and therapist to everyone living in the strata scheme. They will handle any altercations between owners and any bad behaviour from residents.

A strata manager is there to keep the community non-toxic and welcoming to everyone. Of course, their job is also to enforce the rules and ensure everyone is treating their properties adequately.

Tenant Duties

This is the one thing that a strata manager doesn’t do. It’s the property manager that’s the middleman between the landlord and the tenant. They’re the ones responsible for finding new tenants and making sure they’re the right fit for the property.

A property manager is also the one that collects the rent and they’re the ones tenants talk to for maintenance issues. As part of the maintenance duties. Property managers also occasionally check the rental properties to make sure the tenant is taking care of everything properly.

In an emergency, you can call your property manager first and have them relay the information to your landlord.

Conclusion

As you can see, the difference between strata and the property manager is quite clear when you put things this way. Hopefully, this article has helped you gain a new perspective on the situation and you’re more sure about what you’re getting into. We’re confident you’ll be a great tenant now that you know exactly what kind of dynamic to expect in your new place.