Strata Management Made Simple: Everything You Need to Know About Body Corporate Living
Strata management plays a crucial role in the successful running of multi-dwelling properties, from apartment buildings to townhouse complexes. At MBCM Strata Specialists, we specialise in making body corporate living easy, transparent, and stress-free. Whether you’re an owner, tenant, or committee member, understanding strata management can help you get the most out of your property investment and community.
What Is Strata Management?
Understanding the Basics of Strata Living
Strata management, also known as body corporate management, is a system of property ownership where individuals own their units or lots, while common areas—like gardens, foyers, elevators, or pools—are jointly owned by all residents.
When you purchase a property under a strata title, you automatically become a member of the Owners Corporation (OC). This group is responsible for managing shared spaces, adhering to legal regulations, maintaining insurance, and handling finances. That’s where strata management professionals like MBCM come in—to manage these responsibilities on your behalf.
The Role of a Strata Manager
What Does a Strata Manager Do?
A professional strata manager, such as those at MBCM, acts as an administrator and advisor for your Owners Corporation. Our key responsibilities include:
Coordinating maintenance and repairs for common property areas
Managing finances including budgets, levies, and invoices
Ensuring compliance with Victorian strata laws and regulations
Organising meetings like annual general meetings (AGMs)
Communicating with owners, residents, and service providers
By handling the day-to-day operations of a building, a strata manager ensures your community runs smoothly, legally, and efficiently.
Why Choose MBCM for Strata Management?
Trusted Expertise Across Victoria
With over 35 years of experience, MBCM Strata Specialists offer a unique combination of local knowledge and professional expertise. Every MBCM office is locally owned and operated, meaning we understand the needs and challenges of each specific community we serve.
Our commitment to proactive communication, financial transparency, and regulatory compliance has made us the go-to partner for thousands of Owners Corporations across Victoria.
Benefits of Professional Strata Management
Peace of Mind and Efficient Property Management
When you work with MBCM, you gain access to:
Time-saving administration – Let us handle meetings, notices, and records.
24/7 emergency maintenance – Rapid response when you need it most.
Expert legal compliance – Avoid fines and litigation through our regulatory support.
Clear financial reporting – Keep your budget on track with professional oversight.
These benefits help ensure long-term value for your property and a better quality of life for residents.
Your Responsibilities as a Lot Owner
What You Need to Know
While the strata manager takes care of operations, lot owners also have responsibilities, including:
Paying strata levies on time
Attending Owners Corporation meetings
Following the rules (also called “by-laws”)
Notifying the manager of changes (e.g., renting out your lot)
Being aware of your obligations helps promote a harmonious living environment and ensures your property is well-maintained.
Common Questions About Strata Management
How Are Strata Fees Calculated?
Strata fees are typically calculated based on the unit entitlement (your share of the property). These fees cover costs like:
Insurance premiums
Utility bills for shared areas
Repairs and maintenance
Management fees
At MBCM, we help create clear, fair, and sustainable budgets for every community we manage.
Can I Make Renovations in a Strata Property?
Yes, but you usually need approval from the Owners Corporation, especially if the renovation affects common property or structural elements. Always check with your strata manager before starting any major changes.
How MBCM Supports Committees and Residents
Tools, Resources, and Local Support
Strata management isn’t just about ticking boxes—it’s about building better communities. At MBCM, we offer:
Committee training and support to help you make confident decisions
Owner portals for easy access to records, invoices, and notices
Local representatives who understand your area’s unique needs
Whether you live in a boutique block of units or a large residential complex, we tailor our services to fit your community.
Conclusion
Living in a strata-titled property doesn’t have to be complicated. With the right strata management team, like MBCM, you can enjoy all the benefits of shared living—without the stress. From maintaining common property to ensuring legal compliance, we simplify the process so you can focus on what matters most: a safe, well-managed, and vibrant place to live.
Ready to Experience the MBCM Difference?
If you're a property owner, committee member, or developer looking for reliable and professional strata management, get in touch with your local MBCM office today. Visit mbcm.com.au to learn more or request a free quote. ✅