This concept of ‘Strata’ or ‘Strata Management’ is not really common in most of the countries. There are so many people who just misconceive both terms and use them interchangeably, which is totally wrong. The concept of Strata and Strata management companies are derived from the Australian idea of law (property law) which is known as ‘Strata Title’ and which is the administration of a common ownership of apartments, building and properties. People admire Dubai, Canada, Philippines for such massive infrastructure and investment opportunities, but in real the generator is Australia for this joint ownership concept in a property. Check this link https://cleangreenstrata.com.au/ to find out more details.
But the tricky part lies with the management of such properties, the successful management of these creativities are difficult at times; especially when things are not unplanned for future. So even in this regard the strata title system was designed to originate the framework of ownership, management, development of several owners and ownership in single property. Definitely when people misunderstand the term strata management and real estate, they also do confuse real estate agent and strata manager. There is a difference, we all are aware of job responsibilities of a real estate agent right? Act as an intermediary between the buyer and a seller? Prepare property documents, search the right property and then act as a negotiator between the two parties in order to earn the commission from a successful deal, after this successful deal the contract between buyer, seller and the real estate agent ends. On the other hand, a strata manager is someone who works with the owners of the strata title, the ultimate responsibility of maintenance and management of the property lies in the hands of a strata manager. This manager coordinates, conduct meetings, collect the levies and arrange the complete property maintenance Sydney. Furthermore, advising, getting insurance and keeping the record of each and everything related to all the owners are some cores responsibilities of a Strata manager.
Australia has something dynamic when it comes to investment opportunities. Strata management provides complete job field for the individuals and that’s why a strata manager handsomely earn commissions on the deal and those who are on salaries earn from the salary too. There are two phases of this job, one is when a strata manager work as a consultant (where he/she may earn from the commission), the other one is when he/she works as a manager (then he/she earns from the salary). There is another phase for this job when an individual works as a strata manager and strata consultant and then he/she earns commission and salary both. Collection and payment of Strata fees (levies) are paid quarterly for the plans in the bank account, collectively these levies are used for the gardening, electricity and other expenses like the before mentioned.