7 Pointers to Help You Choose the Best Body Corporate Services
Friday, December 15, 2017, 6:00 PM | Leave Comment
If your building covers 2 lots and also has common property, you are required to put in place a body corporate structure. In order to do this well, you need to have patience and experience.
It actually works a lot better if you have experts overseeing everything and if you have put in place quality systems. This is why it is recommended that you engage professionals to handle things.
Here are some things to look out for when searching for efficient body corporate management:
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An understanding of property maintenance
The company you choose for the job needs to have a good understanding of the nitty-gritties of property maintenance.
The facilities and common areas must be taken care of, and health and safety requirements should also be upheld.
If anyone is injured because the property is poorly maintained, the liability could fall on the owners of the apartment.
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Legal expertise
This is actually the most important thing for you to take note of. You need to make sure that the owners of the apartment are covered so that they are not caught flat footed when there are unexpected events.
Make sure you take comprehensive insurance and that your managers stay on top of changing by-laws and legal requirements that affect body corporate.
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Conflict resolution
Any organization offering body corporate services will need to be very good at conflict resolution.
Additionally, knowledge of the requirements put forth by the civil and administrative tribunal is critical should there be a need to formally settle a dispute.
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Property and people skills
It is important for the strata managers to have a good understanding of the property and enjoy talking and mingling with people because both skills are necessary.
If he or she comes with technical and legal skills as well as people skills, this is a keeper.
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Want to know the property owners
You want to work with people who want to know more about you and the property. They should go out of their way to meet with you and listen to any concerns that you may have.
Additionally, they should be familiar with the property, its layout, problem areas and quirks. With such thorough knowledge, the manager is able to provide you with the support you need and give sound advice and suggestions that are helpful.
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Financial transparency
This is a key factor. As an owner, you want to know exactly what is happening with the money and where it is going. Excellent strata managers will keep books that are absolutely immaculate.
Moreover, they should make these book available to the owners for examination whenever asked for. When you examine the books, checking that all invoices have been paid in time, levies and fees are well documented and taxes have been complied with should not be difficult.
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Excellent contractors and suppliers
The very best strata managers work with the best contractors and suppliers. This is important because it ensures that the apartment complex runs smoothly. They are willing to pay a little more to get quality materials and workmanship.
