Duties Of A Stata Manager
The term strata are derived from the term “strata,” which means a group. Therefore, strata is a legally binding contract among individual owners and a strata corporation, a not-for-profit association organized under the country’s law. The commercial real estate strata are situated. A strata corporation is usually governed by a governing code or by a board of directors. Management of the strata corporation is generally contracted out to an experienced management firm with the experience and expertise required. The strata corporation also provides maintenance services to the individual units within the strata.
Management of common areas within a strata includes maintaining landscaping, light fittings, interiors of swimming pools, and heating and air conditioning systems. Staging is the chore of staging buildings, fencing, and landscaping for conferences, meetings, and conventions. Most Strata Managers are required to undergo professional training in community building and maintenance. They must ensure that all employees, tenants, and visitors are well-maintained.
Strata management companies employ experienced professionals such as property managers, financial managers, property supervisors, building maintenance and plumbing contractors. Most companies also have a property manager supervisor, who will carry out all the delegated activities. In addition to the tasks mentioned above, they also handle routine administrative tasks like collecting fees and dues, maintaining financial records, communicating with tenants and carrying out repairs on the property. Some strata schemes may comprise of other minor administrative duties such as recording monthly property and accounting expenses, maintaining property records and ensuring compliance with strata scheme regulations.
The responsibilities of property managers vary according to each complex situation. In some cases, they oversee the maintenance of the complex and oversee the completion of the comprehensive property maintenance program. They also ensure compliance with state and federal laws by implementing policies and procedures. On the other hand, some apartment complexes have a general manager and several apartment managers. They coordinate with the general manager and supervisory staff in the upkeep of common areas, housing complexes and single-family residences.
In some strata schemes, a commission is charged by the association for the management and supervision of the common areas. In these cases, the association will appoint one member of the management corporation to hold the office of the strata manager on a daily basis. The strata manager is also expected to perform some of the major administrative tasks. However, in most cases, he or she performs the major financial management functions and makes recommendations to the board of owners.
The major responsibility of the strata managers is fulfilling the requirements of the owner(s). In this regard, they must carry out the cleaning, refurbishing and landscaping functions necessary to enhance the attractiveness of the property and its marketability. They are responsible for collecting the necessary fees from the tenants and also for collecting the rental dues from them. There are some companies that require their strata managers to perform the roles of financial officers, reviewing the accounts payable and receivable records, preparing financial forecasts and issuing reports in the performance of the company.
In some strata schemes, the strata managers are also asked to be present at board meetings. In this capacity, they need to have proper interpersonal skills to facilitate and manage the discussions. The strata manager’s duties include planning and reviewing the annual budget, holding regular meetings with the board of owners, scheduling meeting for various issues such as complaints against the owners or tenants, reviewing the management and general practices of the company and regularly participating in budget hearings. He should also be able to arrange for the holding of meetings outside California.
If a corporation is in the early stages of development, it is advisable to appoint the best individuals from the outset. This will ensure that the plan goes on smoothly. It is important to note that it is the strata manager’s responsibility to introduce a new staff to the company. It is his duty to ensure that the members of the management team are suitable to take up the management tasks in the building complex.