So… what is strata management, exactly?
So if you live in an apartment or own a unit in Liverpool, you probably live in an apartment block that operates under a strata scheme. This means joint responsibility, joint walls, joint roofs, joint headaches (at times).
Strata management services help keep everything running smoothly, bills paid, buildings maintained, neighbours not fighting. At least, that’s the idea.
But not all strata companies are created equal and in a growing suburb like Liverpool good management can either make or break your property experience.
Let’s break down the top 5 tips every Liverpool property owner should know.
1. Select a strata company which has a physical presence in Liverpool and understands the area
Here’s the deal: Liverpool is changing fast. With new apartment developments popping up all over Liverpool and surrounding areas, local knowledge is not a nice to have, it is a necessity.
A strata company in Sydney may cover a broad area but for real service you want one that is well conversant with the local council, traffic flow, building codes, and contractor networks in Liverpool.
🔹 Tip: Ask your strata manager how many Liverpool properties they manage, and how many times they come to Liverpool.
2. Ensure that all your financials are transparent and easily readable
Let’s be honest—some financial reports are as complex as court reports, not committee reports. If you have ever sat down to a budget and thought, “What is this money for?”… you’re not alone.
A good strata management company should be able to provide you with clear, non-technical financial statements. Think: plain English, no mystery charges, and regular updates.
🔹 Tip: Look for services that provide regular updates, simple to read budgets, and digital access to records.
3. Get ahead of the game with maintenance that is proactive
Nothing decreases property value as quickly as neglect of maintenance. Rusty railings, leaking roofs, overgrown gardens are not just an eyesore; they deter potential buyers, lead to complaints, and may also pose safety risks.
A good strata building management team will not just wait for things to break. They will record, schedule and follow up.
🔹 Tip: Ask if your manager has a preventive maintenance plan. If they don’t… well, that says a lot.
4. Do not dismiss disputes, settle them early
Even the best buildings have drama. Noise complaints, parking disputes, that one neighbour who thinks the hallway is for bike storage…
Strata disputes can drag on for months or be resolved quickly if the manager is experienced and well versed in Strata. Westside Strata, for instance, has a track record and experience in these matters and can guide you through this process, when to mediate, when to document and when to escalate.
🔹 Tip: Opt for a company that has a good track record in dispute resolution and is experienced in NSW strata law.
5. Developing or buying off the plan? Get strata advice at the earliest opportunity.
Buying into a yet to be constructed development, off the plan apartment?
Strata development services are usually overlooked but they are very important to ensure that a strata scheme is set up and running efficiently to protect your investment. This includes by-laws, lot entitlements, levy forecasting, and building defects, and ensuring you meet the regulatory timelines.
I have seen buildings get this wrong and had owners distressed due to the poor management of the Plan from the beginning.
🔹 Tip: Make sure you get a strata expert in before the building is handed over. It’ll save you time, money and can ensure you are giving you and your scheme the best possible start.
Frequently Asked Questions (FAQ)
❓What is strata management?
Strata management is the process of the administration of shared property in a strata titled building including the common areas, finances and maintenance on behalf of the owners.
❓Why are strata management services in Liverpool important?
Liverpool is one of Sydney’s fastest-growing suburbs. With more apartments and developments, proactive local management helps avoid issues and maintain property value.
❓How do I switch strata companies?
You’ll need to pass a motion at a general meeting. A good strata company (like Westside) can guide your committee through the process. What specific tasks does a strata manager perform in their role?
The strata manager manages financials as well as maintenance requirements alongside handling disputes and by-laws and legal requirements to maintain smooth building operations.
The services of strata management include assistance with building defect resolution.
Yes. The professional property strata management sector specializes in detecting building defects while offering assistance for their resolution mainly for new construction projects.
Final Thoughts
Strata management requires no confusion and causes no frustration to property owners.
The correct selection of Liverpool-based strata management services enables your building to function like a perfectly operating system. The system provides transparent finances together with prompt service and proactive maintenance and reduced stress levels. Sounds good?
Start by selecting Westside as your strata management service provider because they have local knowledge of the area.
Get in touch with us right now for a free strata consultation
We will assist you with your strata needs at (02) 9791 9933. You can also reach us by phone at this number.
