How do I become a Strata Agent in NSW?
Finding a job that’s rewarding and fulfilling can be difficult, but often the answer might be simpler than you think.
Often, it’s a case of working out your core skills and main interests:
Are you a good communicator?
Do you love organising?
Do you enjoy mediating and bringing people together?
Do you want to work with people?
Do you have basic accounting and financial skills?
If you answered ‘yes’ to any of the above, you might be well-suited in a career in Strata Management. But what do Strata Agents do and how do you become one? Read on to find out.
What do Strata Managers do?
Strata Agents assist Owners Corporations and Associations in the management and control of their property. Our services to clients include:-
Key services Strata Managers provide include:
- Property Development Consultancy
- Organising maintenance and repairs
- Insurance Renewals and Claims
- Accounting and Financial Management
- Facilitate Meetings
- By-Law Management and Compliance
- Records Management
- Dispute Resolution
Property Development Consultancy
Strata Managers liaise with Architects, Surveyors, Solicitors and marketing agents to assist in Property Development from planning to completion. They offer consultancy advice, coordinate meetings, manage the development process and assist with the creation of relevant compliance documentation.
Organising maintenance and repairs
One of the most important roles of Strata Managers is to organise ongoing maintenance and urgent repairs for Common Property. Part of this involves establishing relationships with local contractors and ensuring they’re appropriately licenced and insured to conduct works.
Insurance Renewals and Claims
Strata Managers assist in the process of obtaining insurance renewals, including obtaining quotes and seeking instruction from the Committee. Strata Managers are also heavily involved in the management of insurance claims and acting as an intermediary between the insurer/broker and the Owners Corporation and relevant Lot Owner(s).
Accounting and Financial Management
Strata Managers assist with the accounting and financial management for your Plan including:
- Establishing and maintaining trust accounts
- Financial reporting
- Payment of invoices
- Assist with the lodgement of annual tax returns
- Arrange trust account audits
- Preparing budgets
Facilitate Meetings
Strata Managers manage regular Strata Owners Corporation meetings in compliance with legislation laws. This includes preparing meeting notices and distributing minutes as well as providing a suitable meeting venue.
By-laws Management and Compliance
By-laws are the rules of a Strata Scheme that Owners and Tenants agree to abide by. Strata Managers assist the Owners Corporation and other stakeholders in managing and enforcing By-Laws.
Records Management
An essential role of Strata Managers is to keep detailed and accurate records of important developments in Strata Properties. This includes minutes of meetings, notices, communications with stakeholders, certificates and important records.
Dispute Resolution
From time to time, disputes between occupants may arise. Strata Managers assist and facilitate the dispute resolution process, including lodging applications for mediation, consulting lawyers and representing at Tribunal Hearings.
How to become a Strata Agent in NSW
To become a Strata Agent in NSW, you will need to complete a short course called a Certificate of Registration initially and then progress towards a Strata License. You will also need to complete Continuing Professional Development (CPD) courses on an annual basis.
If you are interested in a career in Strata Management, why not submit a resume and we will add you to our file to submit for consideration when next we are hiring. Contact us on 02 4942 3305 for more information.
