Why Choosing an Experienced Strata Management Team is Vital!
Strata management in WA is necessary to ensure the smooth administration and running of strata-titled residential properties. However, there’s more to choosing a strata management team than you may think.
Purchasing a strata-titled property is an entirely different investment to purchasing a house on a single title. More often than not, what you think you have purchased is not a true reflection of what you have actually purchased. In many cases you become an owner of cubic space only, you may not own your walls or ceilings. Plus, you become responsible to adhere to many obligations under Western Australian state strata laws and by-laws related specifically to your property. This may include restrictions on how you can internally fit out your own private residence.
In addition, you also become a shareholder in an unlimited liability company, meaning in the event of a significant insurance claim, your personal assets are not limited to the debt on your property.
Knowledge and Experience – Two Essential Ingredients
When choosing a team to manage the property there are two elements that shouldn’t be compromised: knowledge and experience.
A thorough understanding of the legislation, the financial imperatives and the practical realities are paramount for any WA strata management team.
Without the right strata management team working for you to guide, advise, support, govern and protect you, your new home or investment property could quickly become a nightmare. Including costing you additional money, reducing your investment return and creating additional risk in terms of your personal assets.
Ideal Traits of a Quality Strata Manager
While many WA strata management companies can assist by merely following instruction, the right strata manager should:
- Have the ability to minimise any potential risk in terms of the decisions all owners make
- Provide effective communication, reporting and problem solving systems and processes to ensure your property is operating sustainably and efficiently
- Show specific legislative knowledge which is then filtered into efficient support structures such as maintenance and quote coordination, accounting functions and insurance claim administration
Why choose i.fresh strata?
It’s quite simple. The knowledge and experience of i.fresh strata’s team of strata managers is second to none.
i.fresh strata strives on the following principals: experience, knowledge, communication and internal structures. We’ve set the benchmark in holistic WA strata management services.
Our main point of difference is our ability to provide guidance, protection and governance to you and your council of owners. This is in addition to our superior administration and support services which have raised the standard of our industry over the last decade.