This is my first video in the series on changing your strata management company. The first step is to give the current strata manager the flick.
Sounds Easy, right?! However, the current contract has a whole web of complications that will keep you in it. This video was made by a strata manager who has worked for these companies and decided it is time to give strata owners their power back so they can choose who they work with.
This is the follow-up video. Once you have decided to fire your Strata Manager. You want to choose a new Strata Management Company that doesn't suck as much as the last one.
This video provides Strata Manager insight for Strata owners and Council Members to consider when looking for their next strata manager and avoid having the same problems all over again.
When creating the guides for firing and choosing a new Strata Manager, I realised it would also be helpful for Strata owners to have more information on the styles and types of strata management companies that are available.
I will step through the pros and cons of the different company structures so owners can make sure they are with a company that suits their needs, rather than just the one with a good sales pitch!
In this video, Lee de Castro takes a short clip from the Strata Levy series to highlight a super important aspect that is often not understood by Strata owners.
What is a strata company - Who Owns it - How does the Strata manager fit in the equation?
In 30 seconds, the realisation of what you own is clarified and the rest of the mysteries of strata start to fall into place.
In this video, Lee de Castro introduces the strata levy series. If you own in a strata, you should be paying a levy. This isn’t just an extra cost; your levy is paying for more than you think. Let’s break it down, line by line, starting with: What is a strata levy?
The total cost of running the property is not what you are paying the strata management company. Paid into your own strata’s admin fund (and possibly a reserve fund).