Responsible strata financial management is essential for the smooth operation of your scheme. We provide advice on annual and long-term budget planning so funds are managed appropriately to cover the costs of maintaining and operating common property and facilities.
Strong strata financial management requires specialised skills across a range of key responsibilities. Our experienced teams across Australia will help your owners corporation manage finances effectively and has the funds for outgoing costs now and in the future. We can assist with:
Strata Budgeting
We’ll prepare an annual budget that estimates the funds you need to set aside to cover a range of cost items including maintenance, repairs, insurance, utilities and other common property expenses. We can also create special budgets for significant, one-time expenses such as a major renovation or upgrade.
Strata Levy Collection
We’ll determine the levy contributions each unit owner at your property must pay to cover the budgeted expenses. We’ll also ensure timely collection and can issue notices and manage arrears if needed.
Strata Expense Management
We’ll handle the payment of all invoices and bills related to common areas at your property such as utilities, maintenance, and insurance. We can also oversee contracts with service providers to ensure agreements are honoured and you receive what you’re paying for.
Strata Reserve Fund Allocation
We’ll set aside funds for future capital expenses including major repairs or replacements of common property. We’ll also manage the investment of reserve funds to ensure your money grows and is available when needed.
Strata Financial Reporting
We’ll provide regular financial reports to your owners corporation detailing income, expenses and the strata scheme’s financial position. We can prepare annual financial statements for presentation at the annual general meeting (AGM).
Strata Auditing and Compliance
We’ll ensure your strata scheme’s financial records are audited as required by law or by the owners corporation. We’ll also make sure your scheme complies with the relevant financial management laws and regulations including recordkeeping and reporting.
Strata Debt Recovery
We’ll take steps to recover outstanding levies from unit owners at your property which may involve sending reminders, negotiating payment plans or initiating legal action if necessary.
Strata Insurance
We’ll help safeguard your asset by making sure your scheme has adequate insurance in place for common areas and that premiums are paid on time. We can also manage insurance claims for any damage or incidents relating to common property.
You’ll find Whittles branches located across Queensland, South Australia, Victoria as well as the Northern and Australian Capital Territories. Client focused and highly skilled, our teams’ commitment to service excellence is the reason we’ve earned a reputation as one of Australia’s most successful strata and body corporate management companies. With more than 55 years’ experience in strata financial management, Whittles’ personal and professional approach will give you peace of mind knowing your property is in safe hands.
We provide tailored strata management, body corporate and building management solutions for all sectors and community sizes.
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Head Office (Adelaide)
176 Fullarton Road
Dulwich SA 5065
08 8291 2300
[email protected]
After Hours Emergency Line
1300 888 275
Head Office (Adelaide)
176 Fullarton Road
Dulwich SA 5065
08 8291 2300
[email protected]
After Hours Emergency Line
1300 888 275
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Head Office (Adelaide)
176 Fullarton Road
Dulwich SA 5065
08 8291 2300
[email protected]
After Hours Emergency Line
1300 888 275