Description
In this episode, Brent and James talk with former strata manager, James Payette and discuss his decision to leave his career and his hopes for the industry’s future.
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Over 1.5 million people live in strata housing in the Province of British Columbia.
Let's face it, you'd rather watch reruns of the nightly news than read the Strata Property Act (And we can't blame you) Still, most people are at a loss when it comes to understanding such an important framework for how many of us live our lives in proximity with one another.
🎙 Stratagize with Brent Anderson & James Milne features conversations with industry leaders and experts who share their knowledge to demystify an industry that impacts the lives of more than 1 out of 3 British Columbians.
Whether you are a council member, owner, investor, or renter, if you're looking for content that will bring value to your strata and help you get to the next level… THIS is it!
Listen to our latest episode, subscribe and rate us on iTunes. 👊
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🚨 STRATA TIP:
The council president is no different from any other council member except an additional vote in the event of a tie. They do not control council’s decision. Each member must have an opportunity to speak and to vote.
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MAIN TAKEAWAYS:
🛠 Junior managers have more properties and senior managers command smaller portfolios comprised of higher revenue generating properties.
🛠 Strata managers receive up to 200 emails per day and it takes a full 8 hour day just to stay on top of correspondence. Working on directives and running council meetings all happens after hours.
🛠 Working relationships with councils are great, but interactions with residents are often overwhelmingly negative.
💬 QUOTES
“Strata Manager is the wrong term; it sets the wrong expectations for the clients. The role should be called Strata Administrator.”
MYTH VS FACT 🦄
“Getting licensed is enough education to prepare a strata manager to do their job”
(Myth)
The licensing course excels at teaching compliance with the act, but it stops short of competencies such as holding a meeting or preparing a budget.
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RESOURCES
8 steps to going out to bid
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