Owners Corporation Managers are responsible for the day-to-day activities of the owners corporation. They are responsible for managing and supervising all aspects of the owners corporation and its membership.
The role of an Owners Corporation Manager can be difficult to define, as it is a diverse position that includes many responsibilities such as:
As the role is so diverse, Owners Corporation Managers can be found in a variety of industries. However, some common industries where an Owners Corporation Manager may be employed include:
An Owners Corporation Manager’s primary responsibilities include:
How to Choose the Best Owners Corporation Manager
When choosing a management company for your owners corporation, you should consider the following factors.
The first thing to do is to research the company and their management services. You can find out information on them from their websites, social media pages, and reviews from past clients. You should also ask for references from previous clients in order to assess the quality of their service.
You should also ask about any fees that they charge as these can vary depending on the size of your organisation/building and what services they provide. Some companies might charge a monthly fee while others might only charge a one-time fee. It’s important to know how much you will be paying upfront so that you don’t end up with unexpected costs later on during the year.
How to Supercharge Your Operations with the Right Owner Corporation Management Company
There are a few key owner corporation management company (OCMC) services that every business should have in place to ensure their success.
1. Business Management –
OCMCs can help with the day-to-day operations of your business, from managing staff and vendors to providing marketing and financial support.
2. Strategic Planning –
OCMCs can help you identify opportunities for growth, figure out how to best serve your clients, and develop a long-term vision for your company.
3. Legal Services –
OCMCs can provide legal support for your business so you can focus on what you do best: running your business!
4. Accounting Support –
OCMCs offer accounting support so that you don’t have to worry about the details of accounting while still maintaining control over the process
Setting up your Owners Corporation for the first time
When you start a new business, your first step is to register your business name with the Australian Business Register and obtain a Tax File Number.
This process is made more complicated if you are starting a property that will be used as your business premises. The process may also be particularly drawn out if you are buying an existing property.
If you have any questions about the process, please contact us for assistance at the contact form on our website or give us a call on 1300 792 852.
What are the Most Common Issues and Challenges for Owners Corporation Managers?
The owners corporation is a legal entity that is set up when the owner of a property agrees to have all or part of the property managed by a group of people. The owners corporation is responsible for managing the property, ensuring that it has the appropriate services and facilities.
The common issues and challenges for owners corporation managers include:
1. Managing costs
2. Ensuring compliance with legislation
3. Managing building operations and maintenance
4. Managing construction projects
5. Managing tenant relations