Many people think they can manage their own strata complex themselves and save a bit of money.
In our experience, self-managed strata complexes face higher costs, greater stress and more arguments. That doesn't take into consideration compliance with the Strata Titles Act 1985 which was amended with the Community Titles Act 2018.
New regulations (how people are to comply with the Act) are expected to be proclaimed November 2019. This will be the biggest reform to Strata in more than 20 years.
Then there's the human factor. Try to manage the strata yourself and you're likely to run into all sorts of problems juggling differing personalities and expectations. Why give yourself the headache and the hassle?
If you've landed here, you're already thinking it would be better for someone else to do it for you.
The changes mean the voluntary strata manager will be more accountable.