What is the Role of a Strata Property Manager?

This post answers the following questions

1) What is the role of a Strata property manager?
2) How to successfully fulfill the role as a Strata property manager?
3) Why is it important that you are using the most effective Strata software?
4) What is a Strata property?
5) What is the primary difference between a rental property manager and a Strata property manager?

Both rental property managers and Strata property managers are requires to be licensed by the Real Estate Council of BC. The primary difference between a rental property manager and a Strata property manager is who they work for. In contrast to a rental property manager who works for an individual property owner, a Strata property manager is overseen by a council of individuals known as the “Strata Council.” They advise the council on the everyday management of a building that is owned by many individual owners.

trust accounting software

Photo Credits: http://www.flickr.com/photos/fredtokkie/8177960319/

Strata property is a building or a collection of buildings that are divided into smaller lots that are individually owned. The property as a whole has common areas of ownership as well, such as exercise facilities, swimming pools, tennis courts, corridors, lobbies, driveways, and so on. Individual owners of the Strata property also share ownership of these common areas.

Having multiple owners for a property or a collection of properties offers property managers a challenging role. There are many more aspects of the property to consider in order to create a cohesive property that tenants, owners, employees, and the Strata Council are happy with.

In order to successfully fulfill the role as a Strata property manager, it is a good idea to gain as much experience about property management as possible. Work as an assistant property manager for a Strata property, take management classes, and explore any other educational opportunities that are available that will fine-tune your skills as a Strata property manager.

It is also important that you are using the most effective Strata software available in order to keep all aspects of your job organized each and every business day. High-quality Strata software will help you in streamlining your management duties, accounting reports, and much more. Choose the most robust Strata software available so that you can perform your job as proficiently as possible.

A Strata property manager must be very adept at working with a wide variety of people in a sometimes highly charged environment. By keeping organized, consistently attuned to all aspects of property management, using the right tools for assistance, and keeping an eye on improving the bottom line (maximum return), Strata managers can be successful in a rewarding job that provides a great income. Managing a Strata property may be more complicated than running a conventional property, but the role also comes with a number of additional benefits including a solid income.

Terry Johnson is a writer Rockend, creators of for trust accounting software for real estate professionals.

Speak Your Mind

*

Spam protection by WP Captcha-Free