A Strata Property Manager and Rental Property Manager both assist with overseeing and managing real estate properties. Although they may appear to be very similar, they differ in a variety of ways. Whether you are a homeowner, renter, property investor, or Strata Corporation, it is key to understand the difference between the two roles.

A Strata Manager works on behalf of all apartment owners, focusing on issues related to common property, whereas a Rental Manager, often referred to as a Property Manager, works on behalf of an individual apartment owner, dealing with issues related to private property.

Strata Manager

A Strata Manager is hired by a Strata Corporation to oversee the common property of a strata building on behalf of the homeowners. Their role is often split into three categories: administration, finance, and building maintenance.

Strata Manager Duties Include:

  • Coordinate and schedule trades for general building maintenance, renovations, and emergency repairs
  • Correspond with homeowners and renters, and assist with providing information, answering requests, and handling complaints
  • Collect strata fees and special levies
  • Organize, notify, conduct, and record Annual General Meetings (AGMs) and Special General Meetings (SGMs)
  • Manage financials (Contingency Reserve Fund (CRF), settling invoices, budgeting, etc.)
  • Prepare, file, and maintain documents for Strata Corporation
  • Assist with insurance renewals and claims
  • Provide expert guidance and advice to Strata Corporation

Rental Property Manager

A Rental Manager is hired by a landlord or property investor to oversee a single property, or in some instances, more than one property or a building owned by an individual or company. They act as a middleman between a landlord and tenant, ensuring a smooth rental process.

Rental Manager Duties Include:

  • Place and retain qualified and quality tenants
  • Advertise and show the property to prospective tenants
  • Coordinate and schedule trades for general maintenance, renovations, and emergency repairs
  • Coordinate and conduct inspections
  • Correspond with tenants and assist with providing information, answering questions, and handling complaints and violations
  • Manage financials (budgeting, settling property bills and fees, and collecting rent, etc.)
  • Prepare, file, and maintain lease documents

A Long History of Quality Service in Property Management

Metrowest Building Service is a primary strata and property management company. Our management team has considerable years’ strata and property management experience, and is dedicated to providing professional and quality service. No matter your real estate needs, we have the knowledge and expertise to maintain your rental property or strata building to the highest standard. Leave your property management needs in the hands of our professionals. Request a proposal today!