- Act as Chairperson, secretary, treasurer and public office of the scheme
- Arrange for day to day routine maintenance, repair or replacement of common property and personal property of the scheme
- Arrange an attend annual general meetings and other meetings of the scheme.
- Effect and renew insurance required by the Acts
- Issue notice to comply with by-laws.
- Keep and maintain the schemes records required by the Acts
- Prepare budgets and financial reports required by the Acts
- Keep and attest the affixation of the common seal
- Pay all due accounts of the schemes as and when they become due
- Implement the decisions of the scheme.
Yearly Archives: 2010
Home values flat in April 2010
Home values flat in April as heat comes out of Australia’s housing market
Housing markets outside the capital cities record no growth in 2010
Based on the industry-respected RP Data-Rismark Hedonic Home Value Index, which uses the nation’s largest sales database combined with the most sophisticated index technology, Australia’s capital city housing markets recorded virtually no capital gains in the month of April, with home values up just 0.2 per cent (0.3 per cent seasonally adjusted).
The slowdown in capital growth comes on the back of 16 months of strong rises in home values. The anemic growth in April also contrasts strikingly with the market’s circa one per cent per month capital gains since the start of 2009.
Across Australian capital cities, home values were 11.9 per cent higher in the 12 months to April 2010.
Whats in a Lift Maintenance Contract
The Strata Managers at Netstrata were invited by Justin Wilson of Schindler Lifts to undertake a training course at their head office in Botany. The course was designed to teach the managers exactly how a lift operates and whats involved in the ongoing Lift Maintenance Contract.
If a strata scheme has a lift, then the owners corporations needs to budget for its ongoing maintenance. The provision for lift maintenance is often one of the most expensive items a strata scheme has to provide for. This training has allowed our strata managers to have a working understanding of exactly whats involved in the ongoing maintenance of your lift.
If you would like to find out more please do not hesitate to contact your strata manager.
Some thoughts from a client
‘Quality Service’ – this is what most of us read as words that form part of a marketing ploy to get you to use a service. Most of us assume that those words are true and accurate of any company who use them….. Less than a year ago, I stopped dealing with one company who used those words, and started dealing with another who meant them…
I am an owner occupier of a property in a rather large complex in the Inner West. Like everyone who is an owner occupier, I like to take pride in where I live and like to know that the people who manage the complex that I live in, are giving me the best value for money and a quality environment. This is where a quality service is important. I was one of the unlucky ones who purchased a brand new property and then watched it deteriorate because of the mis-management of a Strata company that were employed at the time to give me that ‘quality service’…..
Everyone has a choice in life, change what you don’t like, or live with it. I chose to make the change as I felt that I was entitled to enjoy the property that I purchased. So, less than a year ago…. I made that change, and was fortunate enough to be referred to Netstrata by a friend. From the initial contact, I was given professional guidance as to what was needed to be done. Netstrata took on a big job without any hesitation. From the changeover, to dealing with all of the issues and resolving them, our dedicated Strata Manager put more than 110% into the job.
Today, I can walk through the complex and see how well the gardens are kept, how clean the foyers are and most importantly how little I need to get involved to keep the complex to the standards that it so rightfully deserves. Netstrata have been a godsend to this complex and I can honestly say that now I’m getting what I pay for and more.
Strata Plan 77727 Strata Committee. Managed by Liesl Biles.
3 reach 10 at Netstrata
Last Friday Netstrata celebrated the anniversary’s of Sandie Garcia, Michelle Zrno and Samantha Antipas having been with the company for 10 years. Netstrata knows they are only as great as the people they employ, and are proud to have 3 of their team reach the milestone of a decade with the organisation.
Our social club arranged a fantastic surprise celebration at the Blakehurst Bowling Club where a fantastic dinner was enjoyed by all. Sandie, Michelle and Samantha were presented with awards for long service and some gifts from Swarovski.
2010 ISTM Sailing Challenge
The Institute of Strata Title Management (ISTM), is the leading professional body for the strata and community title sector in NSW, and recently held their annual sailing challenge. Wendy Wong from Netstrata attended the challenge and said it “was a great day and good opportunity to speak with other strata managers about the benefits of strata living and the challenges facing the sector”.
Wendy Wong at the Helm lookout!
ISTM represents over 1,300 strata managers, principals and suppliers in the sector. The members’ experience ranges from large corporates to small family businesses. They have expertise in all facets of strata management and service provision. Their experience spans those with a lifetime in the industry, to those who are just beginning their careers.
Wendy and some other Crew.
Membership of the Institute is open to Strata Managers and Suppliers to the sector. A subscription service is also available to those owning a strata or community lot and members of the Owners Corporation Strata Committee. ISTM is a affiliate member of NCTI, the national body for Strata and Community Title Managers.
A great Day for All
Netstrata secure their future in Carlton
The management of Netstrata are pleased to announce that they have secured their future in Carlton with the acquisition of 294 – 298 Railway Parade. The building currently comprises Netstrata’s head office, home to 35 of their team. Other tenants in the building include Lifestyle Fitness Australia and Sarraf Real Estate.
Managing Director Stephen Brell said “having to relocate over 5 years ago from Hurstville to Carlton because our existing premises were being demolished; it is fantastic to now secure our future in the same location. We can now focus wholly on our business strategy of providing the best strata and community title management services, without having to worry about relocating. Over time to we plan to further improve our facilities to ensure that our clients strata experiences are further enhanced.”
Schindler lifts industry working group
Schindler Strata Working Group
Jeremy Stone Netstrata’s Business Development Manager was invited by Schindler Lifts National Portfolio and Marketing Manager Damian Richards to join an industry working group to consider improvements that could be offered to strata schemes in NSW. The group met with Schindler and discussed the development of a tailored strata contract that could be offered to the sector to meet the specific needs that have arisen over the years.
Jeremy Stone said “Lifts are often one of the most expensive common property items within a strata schemes annual budget, and a clearer contract will result in owners having a better understanding as to what is involved in an annual maintenance program and more flexibility in their decision making process”.
Netstrata engage Public Speaking Australia for seminar
Last Friday the strata manager’s and support team at Netstrata undertook an intensive training session with Greg Stockwell from Public Speaking Australia to learn better presentation skills. Greg has worked with a large number of big corporations, sporting and media identities and politicians; it was a great privilege to have him present for Netstrata.
Greg Stockwell Public Speaking Australia and Wendy Wong Netstrata
Wendy Wong Netstrata’s Corporate Training and Development Manager said ” an important role for a strata manager is to present effectively at all meetings of our client schemes. Learning skills to help our team in this regard will ensure our clients go away with a greater understanding as to what has occurred at their property’s throughout the year”
Sarah Tickner Presents
Korda Mentha appoint Netstrata – Kemblawarra Business Park
Corporate recovery firm Korda Mentha appoint Netstrata to undertake the setup and management of the Kemblawarra Business Park community association in Port Kembla. Tenancies include Toll, Harvey Norman, Dairy Farmers and Southern Steel.
Business Development Manager Jeremy Stone said ” its great to be recognised as industry leaders in strata & community title management and given the opportunity to setup this project”.
