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Finding new markets for my business
Careers in Strata Management: Management Agent
Jeff Fleming
If you're interested in a career in strata management, you may be wondering about the role a strata management agent plays. This article explores some of the duties an agent will perform and some of the issues they may deal with during their working week. Read on to find out more.
What is a strata management agent?
A strata management agent is an individual employed by a strata management company to manage the day-to-day operations of a strata corporation. The property manager in a residential building is a good example of this — they deal with the maintenance tasks, meetings and support required to run the building. Strata managers act on behalf of the owner's corporation. However, they do not have absolute control over all decisions that affect the building or which affect all the owners.
What are the duties carried out by an agent?
A strata management company will usually provide a desk and some room in an office for their property manager. This space is also used for the storage of equipment and papers relating to the running of the building. The property manager isn't just responsible for carrying out the duties related to the owner's corporation. They will also be expected to perform additional duties on behalf of the property management company.
The additional duties they are required to carry out will be made clear in the contract that they have with the management company. It is important for the agent to know what their duties are and what decisions they can take. The property manager's obligations vary depending on the rights and interest expected of them by the strata corporation, the individual owners and by law.
The property manager's duties can include:
- Providing communication with other strata corporations. They may be required to make regular contact with other organisations to handle a variety of issues, such as budget matters or building approvals.
- Maintaining strata corporation's assets, such as the property itself, common areas and any facilities. In some strata corporations, they may be required to manage the finances of the building too.
- Managing and maintaining accounts and records for the building (collecting money etc.). This could also include preparing financial statements, which should be sent out to all owners at least once per year.
- Ensuring that insurance on the building is paid and kept up-to-date.
If you would like to find out more, you should make contact with a local strata management company today.
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