As a Member of an Owners Corporation who moved to self-management years ago, I agree with Paul2000, but I also agree with Jimmy T‘s suggestion that you need to find a Strata Manager that’s appropriate for your Plan.
“Appropriate” predominately relates to the size of your Plan; ours is 27 Lots and on the basis of experience that’s about as many as I (as Secretary and all ’round dogs-body) could manage – properly.
At least one of the Strata Management Companies that Jimmy T‘s mentioned offers a Record Keeping Strata Agreement, where they handle all the paperwork like legislative compliance budgets, agendas, minutes, levy invoices, work orders, and paying the bills, and that leaves the Owners Corporation, and more specifically its Executive Committee, to fully control all the day-to-day maintenance, repair, and relationship issues at its Plan.
So now you have three choices, to:
- select a competent Strata Manager from the names provided and negotiate a full-service Strata Management Agency Agreement;
- move to self-managemnt and do it all yourselves, or;
- select a competent Strata Manager, negotiate a Record Keeping Strata Agreement, and do the rest yourselves.
What a great and useful Forum this is!!!