Yes, unit entitlements can change, but it’s not something you can change alone. All you can do is start the process, independent valuer then calculates the new unit entitlements followed by NCAT reviewing and deciding if they should’ve registered. Yes they can be backdated, but it requires a seperate order from NCAT. Be careful, changing […]
Month: January 2019
Is strata the best thing for your community
Being part of strata titled property creates a direct connection between your wealth and the immediate area around your property that stretches beyond your shop or apartment boundary walls. We are all familiar with the site the main street in a suburb where the 10 or 20 shops have all been let to rundown look […]
Inbox Relief for Strata Managers
As a strata manager you are the regular go to person for anything within your portfolio. This means you are constantly receiving emails and phone calls. To be an effective strata manager you need to achieve inbox relief. You need to free yourself from unneeded stress and focus on serving the owners and fixing the […]
Cities & How they scale
The connection between efficiency and city size is amazing and beautifying summaries in this TEDTalk by Geoff West. The surprising math of cities shows how’s efficient they are from our reduction of fossil fuels to increased wages, while naturally bringing together great talent. Interesting fact several studies have shown that peoples walking speed is directly […]
Mindset of High Performing Strata Managers
The mindset that creates a top performing strata manager. Everything you do is out of a moral obligation to help your client see what they should be doing, YOU are the expert. They’re looking to you for that expertise. That means it’s your role to take a stand and always ensure your clients’ actions are […]
What do strata levies pay for
If you own a strata apartment you will be familiar with strata levies, but do you understand what they get spent on and why? Strata levies are the invoices you get every quarter, six monthly, or 12-monthly from your owners corporation. Strata levies are unavoidable, and they are not an optional expense, if you are […]
Who pays when the strata bathroom leaks
If you want the short answer, it is the Owner Corporation. To be sure of this for your building you should double check by reviewing two documents:- The registered strata plan What to look for: you are looking for a note on the strata plan that says something like the following “the lot is responsible […]
Who pays the strata insurance excess
Strata building insurance is one of the most commonly overlooked elements of a strata building, for many different reasons. one of those areas of oversight is the insurance excess or also called the deductible. Insurance excess is one of the areas in strata where commonsense fails to exist, now I’m sure that everyone understands and […]
Your Strata Budgets & Strata Levies
The budget and levies of a strata apartment building are the single most crucial part of strata. Because nothing else is possible or matters if you aren’t about to pay for it. Striking the right balance between levies raised and money in the bank is always difficult. But to help you get your owners corporation […]
Green Buildings or Green Living
Climate change, going green or whatever you call it the reduction of electricity and water is a project almost all strata apartment buildings are considering as electricity costs continue to rise. Apartment buildings are known for being high consumers of electricity for their footprint, making 100% solar powered building impossible. So making apartment buildings have […]