This National article is strata management charges and building a sustainable strata management industry.
Video: Strata Management Charges – Why the race to the bottom is not good for anyone
We spoke with Alex McCormick, Branch Manager from BCS Melbourne and Nathan Clarke Licensed Strata Manager & Branch Manager from Hunter Strata after we noticed a series of posts on LinkedIn from both Alex and Nathan concerning low strata management charges and their impact on the strata industry.
The video discusses:
- Sustainable management.
- Focus on outcomes.
- The race to the bottom.
- A lack of understanding of the economy of strata management and how it relates to employment and remuneration of staff.
- The need for ‘good client citizenship’ from owners and committees – what are you (the client) actually looking for?
- The correlation between fees paid for strata management, and how these translate into the availability of service.
We encourage you to engage in this conversation, share your thoughts and post your comments below.
Alex McCormick BCS Melbourne E: alexander.mccormick@bcssm.com.au
Nathan Clarke Hunter Strata E: nathanclarke@hunterstrata.net.au
This post appears in Strata News #686.
Have a question or something to add to the article? Leave a comment below.
Read next:
- Understand Strata Management with this Five-Minute Guide
- NSW: Q&A The Management Agency Agreement
- NAT: Q&A Yearly Increases To Strata Insurance
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