It’s easy to change strata management companies

Posted on Posted in Tips & Tricks

Have you experienced a bad experience of irresponsible property managing team and you barely get any feedback from complaints? Did you aware of how the management use the maintenance fees? Where did they spend it? What is owners’ right? Well, when you meet such a situation, change your property managing team.

How?

Jimmy Said “I was a board member and we changed companies about 18 months ago. We voted on the change, sent a letter to Simerra (the company we were leaving) advising them of our intention and the new company ICC did the rest. They sent out letters to the homeowners advising of the changeover.”

It is so easy to change as you need the majority votes from BOARD which is community of your residence.

Each fall, homeowners associations across the nation vote on issues regarding the upcoming year. Fall is also the time of year when many management contracts expire and are up for renewal. If your management contract is up for renewal, this is an excellent time to stop and assess your management situation.

Every day we get phone calls and emails from board members who are frustrated with their current management companies for various reasons. They’ve been with one management company for years, and have watched their service deteriorate over time until it’s finally gotten to a point where they are ready to make a change.

If you’re not happy with how your property is being managed, it may be time to make the switch to a strata management company you can rely on. Changing strata management is easier than you might think, and could be one of the best decisions your owners corporation ever makes.

A good strata manager makes running an owners corporation or body corporate seem easy. They relieve the burden of managing your owners corporation yourself, taking on essential responsibilities that enhance community living and protect and grow the value of your asset.

A valuable strata manager will not only administer the needs of your owners corporation, but will also provide sound advice on legislative and financial matters, so your committee always make informed decisions that benefit owners.

Strata managers are now also more efficient than ever, with technologies and support teams that allow them to dedicate time and resources to their customers. If you’re not getting the attention you think you deserve, it may be time to make the switch.

 Changing strata management could be one of the best decisions your owners corporation ever makes

Here’s how to change your strata manager: 

  • Obtain a copy of your contract from your current strata manager to determine the expiration date and termination period. The recent changes to NSW legislation may mean that your contract was automatically terminated on 30 May 2017.
  • Start shopping around for quotes. Once you have decided on a preferred strata management company, obtain their termination and appointment motions.
  • If you have an upcoming annual general meeting (AGM), ask for the required motions to be added to the agenda, otherwise arrange an extraordinary general meeting (EGM).
  • In the meantime, instruct your current strata manager to issue notices and related paperwork to all owners.
  • At the meeting, the motions will need to be passed by the majority of owners, either in person, by proxy or written vote.
  • Once the motions have been passed, sign the contract with the new strata management company.
  • Provide formal termination notice to your current strata manager.
  • Provide the minutes of the meeting and the signed contract to the new strata manager, and they will do the rest.

“Changing strata management could be one of the best decisions your owners corporation ever makes”

 

If you are looking for a Strata Property Management Team,

Kindly Contact,

016 717 7881 Rixen Tan

Leave a Reply

Your email address will not be published. Required fields are marked *