A strata property on the Gold Coast needing an administrative specialist will do well to hire a body corporate manager, Gold Coast. Managing a strata community and a large building on the Gold Coast is a demanding task that a body corporate manager, Gold Coast can ably assist with. Lot owners are freed from the various obligations and responsibilities when a body corporate manager acts on their behalf.

While a body corporate committee is formed with a large strata community, the day-to-day administrative tasks need the expertise of a body corporate manager. With this setup, the committee needs only the reports provided by a body corporate manager.

With this said, what, exactly, does a body corporate manager do every day?

Duties and Functions of a Body Corporate Manager

All tasks related to managing a property are the primary function and duty of a body corporate manager. This includes:

Enforcement of property by-laws
Communication
Managing legal and financial affairs
Record-keeping
Insurance

Ensuring that the entire strata scheme complies with all aspects of current industry regulations is the ultimate job role of a body corporate manager. It is, therefore, important for a strata committee to hire a body corporate manager with a solid background in financial, industry legislation, and property management.

The multiple areas that fall under the duties and functions of a body corporate manager include:

Information assets management

A great deal of paperwork and information is generated by corporate bodies. It is the function of a body corporate manager to carry out and manage informational assets, including:

Provide minutes of meetings to the body committee
Maintain registers and rolls of the body corporate including the details register of the owner
Issue Disclosure Statements to owners wanting to sell their lot
Prepare a notice of meetings and agendas for general and committee meetings
Issue notices of by-law contravention upon approval by the committee
Maintain all records of the corporate body

Physical assets management

The most obvious assets of a strata scheme are its physical assets. The building should need to be presented as a well-maintained place for investors and owners, ensuring happy and safe living for all. The tasks a body corporate manager handles in managing the physical assets of a strata scheme include:

Liaise with committee approval in dealing with emergency repairs and emergencies
Organise preventative maintenance, landscaping, and maintenance quotations to the committee for consideration.
Ensure timely and correct payment of tradespeople
Organise regular maintenance requests of the committee to contractors
Keep detailed documentation of all maintenance and repair work on the property

Manage people

Perhaps the most singular value of a body corporate manager is managing people. It is because the heart of a corporate community is with people. Disputes and tensions are likely to occur with close proximity living. It is the responsibility of a body corporate manager to impartially and fairly manage and maintain relationships between owners and residents.

Financial assets management

It is extremely important for a body corporate to keep its financial state in tip-top shape. Adequate funding is always needed for the excellent running of buildings. A body corporate manager manages the financial assets by:

Ensure a consistent and reliable cash flow by issuing and collecting levies
Manage sinking and administrative funds at adequate levels to cover potential expenses
Manage tax audits and returns
Ensure timely payments of body corporate invoices