Can you manage your strata yourself?

You can definitely manage your strata yourself.

There is no legal requirement for you to engage a strata manager. It’s called self-managed strata, diy strata or diy body corporate.

Hundreds of thousands of owners living in Australian strata schemes self-manage their stratas. Of course some owners think that self-managing their stratas means not managing.

A poorly managed strata scheme devalues a property. With more and more people becoming educated on living in an owners corporation or body corporate, savvy buyers check the state of the body corporate’s finances, record keeping and the harmony of a strata community before they buy.

To owners unhappy with their strata manager, maybe consider the option to manage your strata yourself. However I would recommend engaging a company such as Our Body Corp which allows you to diy your strata scheme for a fraction of the full strata management fee but still provides strata advice as you need.

How hard is it to self-manage your strata?

There are a few key rules to follow in managing your strata yourself but it’s basically common sense. Small scheme blocks (up to 8 units) more commonly self-manage their strata schemes than larger schemes. However if there is a will and interest from a strata community larger strata schemes can self-manage. Again self-managed strata software like Our Body Corp guides you every step of the way.

Protect your valuable property investment and get your house in order, or more importantly get your strata in order.

(Disclosure: The blog’s author is a director of Our Body Corp but also a big believer in managing your own strata scheme doing it successfully herself for some years!)