Common Misconceptions About Strata Management Services

Strata management services are vital in managing properties under shared ownership, such as apartment buildings, townhouses, or commercial complexes. These services ensure that strata properties run smoothly, from maintaining common areas to handling disputes among owners. Despite the importance of strata management, several misconceptions surround this field, often leading to misunderstandings and frustration. As a leading provider of property management services, HomeLife Advantage Property Management knows that strata managers play a vital role in fostering community engagement and ensuring compliance with legal standards. That is why we have put together a list of common misconceptions about strata management services to set the record straight.

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1. Strata Managers and Property Managers Are the Same

Many people think that strata managers and property managers do the same job, when they actually have very different roles. Property managers help landlords care for individual rental units, dealing with tenants, rent, and repairs inside each unit. Strata managers, on the other hand, look after the whole property, such as the shared spaces, by-laws, and services for the entire community. They work for all the owners together, not just one landlord or tenant.

2. Strata Managers Handle Repairs Inside Your Unit

Another misconception is that strata managers will fix every repair problem, even inside each unit. In reality, they only take care of common areas like hallways, gardens, and shared facilities. Repairs inside your unit, such as a broken sink or leaky faucet, are usually your responsibility, not the responsibility of the strata manager.

3. Strata Management Fees Are Not Worth It

Some people feel that strata management fees are too high or unnecessary; however, these fees cover essential services like organizing maintenance, managing the property’s budget, and making sure the property follows legal rules. Strata managers bring their expertise and knowledgeable service providers to keep the property in good shape, preventing expensive problems later on. So, while fees might seem high, strata managers help protect the property’s value and keep things running smoothly.

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4. Strata Managers Have Unlimited Power

It is a common belief that strata managers have full control over the property and its rules, when, in actuality, strata managers are guided by what the owners decide. Important decisions, like setting the budget or changing rules, are made through voting by the owners in the community. The strata manager simply helps put these decisions into action, but they do not get to make major decisions on their own.

5. Strata Management is Just for Big Properties

People often think that only large buildings need strata management, but small properties can benefit from it, too. Whether a building has just a few units or many, having a strata manager will help ensure repairs are properly organized, records are kept up to date, and shared spaces are maintained. Even small properties with shared ownership can benefit from the structure and support a strata manager provides.

For additional information regarding our property management services, contact HomeLife Advantage Property Management by filling out our online contact form or by calling us at 604-858-7368. We will be more than happy to provide the details you are looking for.

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