How Strata Manager Helps In Growth Of Your Business
The world is changing. So is the ways of doing business. Ever thought one could make huge empires just by selling lemonades and juices? Thus priorities have shifted from hard work to smart work. This maybe just an illustration but businesses have been widened to include new goods, services, methods and technologies. One of the most conventional and old school business idea has been real estate investment, which is indeed one of the safest methods to yield comfortable return. Talking about dynamism in investment in properties, Strata is the new school revolutionary concept for investing in properties.
What is Strata Title?
There have been times when one had to invest a large chunk of his bank balance to invest in properties such as land, apartments, commercial strata services structures etc. Another problem that arises is dispute as to ownership of some parts of properties such as corridors, common terrace, garden areas, lawn etc. The concept of Strata title has come up which enables a person to hold a definite part of property known as strata or stratum and combined ownership of common property.
In general sense, it is devised for multi level apartment blocks or horizontal subdivisions with shared areas. However, in Australia particularly in cities like Sydney and Canberra, it is used in much broader sense and enable a person to buy fragment of a single block of property as well. The concept was introduced approximately 50 years ago in Australia and is subject to various laws and regulations.
Strata management is an uncommon area of professional services widely prevalent in Australian big business hubs such as Sydney. It is a specialist area of property management where experts take care of day to day operation and management of your strata titles and commonly held properties therein. If you are a big time real estate investor living in Australia, strata building management is the solution for you to optimize value of your investment and reduce costs of holding it.
Business optimization by strata manager
Obtaining services from strata manager relieves you from the stress and cumbersome procedures involved in managing properties, especially common held properties. Strata management agent provide a lot of benefits to a person from business point of view such as:
Ease of doing business
The best part is operation and maintenance along with resolution of disputes relating to common properties such as its maintenance, recurring costs involved, its valuation etc is wholly handled by strata manager. It lets you focus on productive decisions and thus relieving you from cumbersome tasks involved in strata holding.
Expert advice
Strata managers are aware of all the laws,regulations and compliances. Moreover they are experienced in handling varied issues. Thus you get the expert advice in regards to your property.
Cost management and value optimization
Strata management companies are able to offer you services at lower costs. They enable you in increased savings in the form of savings in compliance failures, penalties and cost of disputes.They provide consultancy regarding your investment.
Reporting and record keeping
Strata services providers also handle the task of record keeping of all the properties.
