The financial benefits of working with experts in strata management in Sydney

Discover why strata committee members stand to gain when they enlist the help of experts in strata management in Sydney.

30+ years of experience

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Managing 100+ properties

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Juggling the responsibilities of a Sydney strata committee member can be daunting and overwhelming. Between managing budgets, enforcing bylaws, and overseeing building maintenance, ensuring the smooth running of a strata property is not much different from a full-time job. It requires strata committee members to stay on top of changing strata requirements at all times.

These complexities, coupled with a lack of flexibility and experience between strata committee members, can lead to a common challenge; spiralling costs. These costs do not just affect the strata committee, but strata property owners as well.

According to a report published earlier this year, an apartment owner was stunned to learn that he was charged $80,000 to have his apartment waterproofed and have the concrete spalling repaired. As a strata property owner, he was only given a timeframe of six weeks to settle the outstanding bills.

A study by the Strata Community Association NSW showed that building defects in newer strata buildings have been steadily declining since 2020. Leakage issues and safety systems remain the most common defects with strata buildings.

Emergency repairs, poor scheduling of maintenance works, and conflicts between strata property residents are some of the factors that contribute to a rise in unexpected expenses, which puts a strain on the strata levy budget.

Fortunately, there are experts in strata management in Sydney who can relieve the burden and responsibilities of strata committee members. With their expertise and vast industry experience, they can find various avenues to maximise cost-saving measures when it comes to managing a strata building. With the help of these experts, strata committees can optimise their cost-saving measures and avoid heavy fines and penalties, especially for non-compliance.

Let’s explore the financial benefits of working with experts in strata management in Sydney.

The financial benefits of working with experts in strata management in Sydney

Saving big with preventative maintenance

Imagine a minor leak in a common area pipe. If neglected after some time, it could deteriorate into a major plumbing issue. This is because it can cause water damage to multiple strata units, which can lead to costly repairs. Strata management experts prioritise preventative maintenance schedules, conduct regular inspections, and address minor problems before they escalate. This reduces spending on repair work and minimises service disruptions.

Reducing the risk of non-compliance fines

Keeping up with the ever-changing requirements of bylaws can be a tedious and complicated task for strata committee members. Strata managers possess in-depth knowledge of these legal requirements. They ensure the building complies with fire safety, accessibility, and maintenance codes. This proactive approach minimises the risk of being penalised with hefty fines due to non-compliance. This protects the strata committee from unexpected financial burdens.

Extending the lifespan of strata facilities

With their round-the-clock availability, strata property managers resolve any issues about the strata infrastructure. From mould growth on walls to structural concerns, they address these issues promptly, which helps to maintain the condition of strata facilities. Their proactive maintenance plans can also extend the lifespan of common major building features such as elevators and roof systems. This helps to minimise repair and replacement costs.

Optimising the utility bill

It can be complex for strata committee members to negotiate the best rates when it comes to strata utility charges, which include electricity, water, and waste removal. Strata managers leverage their industry expertise and professional relationships with service providers to negotiate more favourable terms for a strata building. They can also install eco-friendly solutions and energy-efficient items through the strata property to lower utility costs.

ISO certified for quality

Accord Property Services is ISO certified to ensure that all our services have all the requirements for standardisation and quality assurance.

AS/NZS ISO 14001-2016: Environmental Management Systems

AS/NZS ISO 45001-2018: Occupational Health and Safety Management System

AS/NZS ISO 9001-2016: Quality Management Systems Scheme

Award and affiliations

Why choose Accord?

Accord is a leading facilities management provider in Sydney and throughout Australia. With a 30-year track record in building management, we provide a full suite of building management services to help your properties look pristine and well-maintained.

Our team of strata building management experts is armed with the latest industry knowledge, trends, practices, and tools to provide top-quality services, ranging from building management and maintenance to cleaning and grounds services, with the long-term goal of providing sustainability and a healthy environment for everyone.

What our clients say

“I have dealt with several different property services providers over the last 20 years, but have never come across anyone quite like Accord Property Services. They have been looking after the commercial cleaning and maintenance of our office in Newcastle for many years now. The team from Sydney are professional and very friendly. I have found the local staff to be extremely flexible, reliable and meticulous with their work.”

“We have built a strong relationship with Accord Property Services since 2008. They service our four properties across New South Wales and Victoria. In the years of dealing with Accord we have found their services to be exemplary and easy to manage, regardless of the locations.”

“Having been involved with the company at various levels from dealing with their cleaners and technicians through to direct contact with their Operations Manager and Directors, I can recommend their services as always being ethical, performance and outcome driven and value for money.”

From our first meeting, we knew that we were in the hands of confident, capable, customer centred professionals. We engaged Accord to provide Building Management and Cleaning Services for a multiple building complex. They have worked very closely with the Strata Committee and the Strata Management company to ensure there is synergy in communication and activity. On taking up the contract they stepped into a minefield of issues that needed to be resolved and worked through these confidently and professionally. The managers regularly check in to ensure that they are delivering on their promise and regularly ask for feedback on their performance and solicit comments on anything they can do better. I have no hesitation in recommending the management and team at Accord and look forward to a long and productive term with them.

Accord property services provide Sevana apartments Lane Cove with excellent cleaning services all year. Accord cleaners are hard-working, have a professional attitude to their work and are responsive to any issues arising throughout their shift. The cleaners show excellent teamwork and keenness in doing a quality job. The cleaners are very respectful to residents at all times and attend to all requests that may arise. The quality of their work and professional attitude reflects back to Accord Property Services high standards.

If you are a strata owner struggling with an underperformed building manager and or cleaner and is thinking of making a change, please consider Accord. They are efficient, professional, innovative and can quickly fix your headache. Highly recommended.

Always a pleasure dealing with the Accord staff - Professional & Helpful. 100% would recommend their service.

FAQs

What is the average strata management fee in Sydney?

The average strata management fee in Sydney is usually a percentage of the weekly rent, payable for the day-to-day management of the lease. In the state of NSW, it can vary from approximately 5-12%. Expect to find fees at the lower end of the range in Sydney and city areas, and fees at the upper end of the range for rural areas.

Do you need a strata manager in NSW?

In New South Wales, there’s no legal requirement to appoint a strata manager for your building. However, having a qualified professional manage your strata scheme offers significant advantages.

What is the difference between a building manager and a strata manager?

Building managers handle building upkeep (cleaning, repairs), while strata managers focus on legalities (finances, regulations) for the strata corporation.