More prospective homeowners and real estate investors are becoming interested in purchasing multi-unit development properties. Indeed, community living is becoming more popular because it provides a comfortable lifestyle and privacy and takes away most of the work and responsibilities of owning and managing a private property. How is that possible? With the help of Body Corporate Managers Brisbane services.
BCMs usually work with owners of duplexes, residential unit blocks comprised of apartments or condominiums, high rise accommodation complexes, residential suburbs, business parks, or shopping complexes. Brisbane Body Corporate Managers work hand in hand with the body corporate to provide maximum value and services to owners of units or lots in the community.
What is a body corporate?
This is sometimes also called an owners corporation (particularly in Victoria) and is considered a legal entity. When land is subdivided into multiple units or lots and is registered with a community titles scheme, there is a need to create a body corporate.
Each owner of a unit or lot in the community automatically becomes a member of this group. Generally, there will be an annual election to select who becomes part of the executive committee that will run the body corporate.
This entity is in charge of dealing with issues related to people living together and physical property. Their responsibilities include essential services, financial, insurance, and compliance among others.
Since they must adhere to strict industry regulations and some properties are quite complex to manage (such as innovative and large residential or commercial complexes), the committee may find their tasks complicated and challenging.
This is where Body Corporate Managers in Brisbane come in.
What do body corporate managers do?
According to the Queensland Government website, BCMs supply administrative services to the body corporate. They are professional industry specialists who can undertake the functions of the executive committee to ensure the continuity of record keeping and management processes.
These experts have a solid background in property management, legislation, and industry practices. Additionally, they manage the financial affairs of the owners corporation so accounting and bookkeeping services are also sometimes included in their responsibilities.
What are the benefits of having body corporate managers?
Since most body corporate committees are comprised of volunteers, they usually may not have the time or background in order to properly execute their responsibilities. Body Corporate Managers Brisbane companies provide the people, skills, and processes to ensure the owners corporation follow regulations and effectively take care of issues related to the property or the residents.
To be more specific, they are able to help with:
– Handling daily administrative tasks, such as doing paperwork, handling solicitors, and so on.
– Providing an objective approach when dealing with and resolving members’ disputes or concerns.
– Dealing with insurance claims and searching for the best coverage plans for the body corporate.
– Managing the maintenance of essential services and facilities.
– Ensuring the property and body corporate comply with current legislation and industry standards.
Since residential or commercial multi-unit developments are comprised of several owners and deal with various property types and issues, it can be pretty challenging to manage all of these when you don’t have the experience or background. Therefore, calling the best Body Corporate Managers Brisbane offers is the best solution to ensure these communities are properly managed and well taken care of.
To get in touch with a Body Corporate Managers Brisbane company that is a member of the Strata Community in Australia and has been providing specialist BCM services for over 35 years, head over to http://www.matthewsrealestate.com.au.