Strata Renewal: What Is It and Is It For Us?
If you live in a strata community, it’s important to understand your options when it comes to strata renewal. This is a process for the collective sale or significant redevelopment of the scheme, and because the process impacts all lot owners, there are some strict processes to follow. Read on to determine whether strata renewal […]
Should You Choose The Cheapest Contractor for Strata Jobs?
Significant cost pressures are associated with running a successful strata scheme, so it’s natural for Owners Corporations to try to find ways to keep expenses down. Unfortunately, the old saying, ‘You get what you pay for,’ often rings true when it comes to trade professionals and contractors. In this article, we’ll consider whether the cheapest […]
Safe and Secure Strata Community: Best Practices for Risk Management and Emergency Preparedness
Looking after your strata community takes more than just dealing with daily issues. It’s not uncommon for strata committees to get caught up in the busy nature of their roles, often forgetting to plan ahead for emergencies. While a lot of effort goes into maintaining emergency funds in your capital works fund, you must ensure […]
The Importance of Obtaining and Updating Insurance Valuation
Owners Corporations are responsible for holding building insurance cover, and it’s important that your property is valued correctly when determining your insurance policy. When you take out a new policy, your insurer will likely request a valuation. However, as the years go by, property values and building costs typically change, as does the value of […]
The Role of Technology in Modern Strata Communities: How to Optimise Communication and Efficiency with Tools Like Apps and Software
Is your strata community stuck in the past without access to good technology? In this article, we’ll look at just a few ways in which Owners Corporations can harness the power of modern technology. Strata management In the past, strata management processes were quite clunky. Records like meeting minutes of the Owners Corporation were printed […]
What Can And Can’t You Recycle?
Knowing what you can and can’t recycle is important if you live in a strata environment in NSW. Sustainability is a huge issue for everyone, and that includes strata communities. Many strata buildings across NSW have already implemented recycling schemes to reduce the amount of recyclable materials being discarded in general waste or communal gardens […]
Compulsory Management – What is it and How to Apply
Strata living is a great way of life when everybody is on the same page, and things work well. But what if daily issues or maintenance are being neglected? What happens if an Owners Corporation isn’t keeping proper financial records or owners have problems with the management of strata fees? Plenty of things can go […]
The Pros and Cons of Self-Managed Strata Schemes
All Owners Corporations must decide whether they want a self-managed strata scheme or whether to hire strata management professionals. Let’s take a look at some key considerations for both options What is self-managed strata? Self-managed strata is a system whereby no external strata management company is involved in running your property. So, in this […]
Tips For Preparing Major Capital Works In Strata
Upgrading your strata building can be a stressful and sometimes difficult task. However, with careful planning, it can be a smooth ride and financially rewarding for everyone. Here are some tips on how to get a major renovation started in your strata property. Plan in advance There’s an old saying that planning is everything, and […]
Exploring the Roles and Responsibilities of Strata Committee Office Bearers
What Are the Different Office Bearer Positions on a Strata Committee? Your strata committee is responsible for the smooth day-to-day running of your strata scheme. But within that committee, there are a few key roles that must be filled. This article explains the three main office bearer roles in a strata committee and how […]
