› Flat Chat Strata Forum › The Professionals › Is there a benchmark for strata management fees? › Current Page
Whilst most strata managers in NSW use the SCA contract, I have found it impossible to compare apples with apples.
Firstly for the management fee it’s generally true that the larger the scheme the cheaper per lot. But the charge varies between strata managers.
Secondly all strata managers supply charges in schedule b. Again charges between strata managers varies. What you need to really work out with the prospective strata manager is how hard do they enforce schedule b fees.
The managers That I deal with tend to be lenient in their application of schedule b fees (and their management fee is not exceptionally high).
The industry is unregulated in terms of the fees so finding the “cheapest” deal is impossible.
There is a company that has an online website that serves as a portal for engaging strata managers ( the rules of this forum prevent me from naming them). Just type in your details and you’ll get a comparison of a few strata managers fees. You need to contact the strata managers directly to get a firm quote, but the website will give you a good idea of a ballpark cost.
And remember that cost is no indication of the quality of service you receive. I engage with three strata managers who are all reasonably priced and find their service excellent. But that’s because we interviewed them and asked hard questions of the candidates before selecting them.
I also highly recommend every OC to retender their strata management near the end of the current contract. It ensures that your current strata manager doesnt increase their fees unreasonably knowing you’re just going to roll over.