In February 2022, Karl contacted us about his building in St Kilda East. The building was a block of apartments, and the Committee is not happy as their OCM lacks communication and responsiveness – no proper record keeping. OCM also charges the OC for every email they send.
Qualified OC Management Companies
Every single OC management company we work with is carefully vetted and scrutinised in terms of their:
- OC experience and relevant qualifications
- Service and service metrics
- Integrity & values
- Dedicated strata software platform, systems, and processes
- On-going knowledge and training
Our expertise and industry knowledge takes the guesswork out of changing management companies.
Changing Owners Corporation Managers
– (St Kilda East, VIC)
We met with the Committee to understand their concerns with the incumbent OC manager and discuss what they would expect of their new OC manager.
After compiling a RFT with information and specifications particular to their building, we conducted a tender process. We met again with the Committee and helped them to understand all the new OC management proposals in terms of their offerings, qualities, and costs.
The Committee chose a company that was less expensive than their incumbent and we assisted with the appointment process.
COST COMPARISON
OLD OC MANAGEMENT CO. VS NEW OC MANAGEMENT CO.
| Cost Comparison | Previous OC Management Company |
New OC Management Company |
|---|---|---|
| Management Fees | $5,725 | $8,910 |
| Disbursement | $2,271 | $0 |
| Software, Work Orders + Misc. | $0 | $0 |
| Other Additional Charges | $1,697 | $94 |
| Total Strata Management Costs | $9,693 | $9,004 |
*OC guidance for all Committees: be careful when it comes to OC management contracts and ‘open-ended, blank cheque’ disbursements sections. Some OC management companies charge for every work order, phone call, email, page of paper, printing, postage, envelope, etc.
The vast majority of OC management companies that we work with – charge a fixed, all-inclusive fee for their disbursement costs. And of these OC management companies, most will waive their disbursement fee if lot owners elect to receive OC notices electronically
We helped the Committee and all owners in the owners corporation in St Kilda East to save $689 per year on their strata / OC management costs.
Thinking About Changing Strata Management Companies?
Take the first step in process of changing owners corporation management companies for your property in St Kilda East by speaking to a Strata Management Consultant at 1300-917-848.
Feel free to also send us an email on office@strataconsultants.com.au.
Meet the Strata Consultants Melbourne team – https://strataconsultants.com.au/our-team
