When hiring a strata management company, going through your options to make the best choice can certainly make your life much more comfortable. But with so many strata management companies to choose from, it can be overwhelming and quite stressful to pick the right one to fit your Council and community’s needs. There’s also the question of what to expect from a strata manager.
Where do you start? “Figure out exactly what you need,” advises Trevor Salway, regional vice president of business development at FirstService Residential. “The number one reason Councils are unhappy with their strata management companies is a disagreement of their needs,” he explains. “So before you begin the selection process, have all of your Council members assess to determine the needs of your strata and community. Start with any big projects on the horizon and focus on the residents – why they chose to live there, what they’re proud of and what they’d change.”
Once your Council agrees on what the strata needs, this is where the next step follows. We recommend the following tips to help navigate the process:
This is a process to find a strata management company that will help take care of your strata and bring out the best in your resident’s quality of life. It is not in your best interest to look for the lowest price possible, as you won’t be getting a full scope of excellent services. However, this doesn’t mean you need to find a highly-priced company to work with either. This is where value outweighs the price. In this case, value is being given the right number and type of capabilities at a reasonable price. A good strata management company will understand this and should be able to have proper benchmarks in place to help you find areas of cost reduction.
A good strata management company will make your role as a Council Member extremely rewarding – and it will make your community more inviting, attractive and desirable for your current and prospective residents. You should also be looking for a well-trained strata manager. For more help in choosing the right company to meet the needs of your Council and community, contact FirstService Residential.