A strata manager is the person who is hired to manage the operations and maintenance issues of a strata property. The strata manager is involved in the day to day operation of the property, as well as planning and budgeting to ensure no hiccups and unforeseen issues going forward.

The demand for licensed strata property managers in the province has been consistently strong since there are more than 1.5 million residents in strata properties in BC. This number continues to increase year after year.

A career as a strata property manage can be highly rewarding. Want to learn more? Read our career guide below!

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Job Description

The strata manager is an individual who is hired by the collective group of owners (known as the strata corporation or strata council) to manage the property’s operations and resolve any maintenance issues. This service is rendered on behalf of the owners. A vital part of this job includes advanced planning and budgeting to ensure the property operates seamlessly and is equipped to manage emergency situations should they arise.

What Does a Strata Property Manager Do?

The strata manager is an individual who is hired by the collective group of owners (known as the strata corporation or strata council) to manage the property’s operations and resolve any maintenance issues. This service is rendered on behalf of the owners. A vital part of this job includes advanced planning and budgeting to ensure the property operates seamlessly and is equipped to manage emergency situations should they arise.

Strata property managers handle everything from:

  • Hiring contractors to deal with all housing maintenance including such tasks as hiring plumbers, landscape maintenance staff, and the garbage collection company
  • Buying property insurance
  • Preparing budgets to provide accurate assessment of yearly costs
  • Establishing and collecting monthly or yearly strata fees
  • Providing accurate and timely reports to each strata owner
  • Managing all cash flow, including paying contractors
  • Ensuring fluid communications including running strata meetings, sending any important announcements, etc

What is a Strata Property?

Strata housing comes in many different forms. From apartments to condominiums to townhouses, duplexes, and family homes; all of these dwellings can be included in strata properties. Some strata developments also include sections of their property that are commercial or industrial in addition to their residential portions.

The strata development as a whole is typically referred to as a strata corporation. Though some do govern the premises on their own as a collective group of owners, most employ a licensed strata property manager to assist with important administrative tasks and corporate responsibilities.

In a strata corporation, each individual owner purchases their own strata lot which is housed on a common property shared by each of the strata owners. The common land and any assets are all shared by the owners as a collective whole, meaning responsibilities for upkeep, repairs, and any associated fees are also divided evenly amongst the strata council members.

How Much Money Can a B.C. Licensed Strata Property Manager Make?

One of the greatest perks of a career as a B.C. licensed strata property manager is not only the job security it provides but also the potential of earning an excellent salary. Conservative estimates place the average hourly rate at $33 with salaries ranging from $48,000 per year to as high as $96,500. These figures are, of course, variable and dependent upon the area of the province where the strata property manager is employed and the level of experience the person brings to the job.

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Day in a Life of a Licensed Strata Property Manager

The role of a strata property manager includes a thorough understanding of all regulations governing their position. There are very strict laws and ethical practices which outline the responsibilities required of the position as well as things a strata property manager is not permitted to do.

It is not difficult to see that if a strata property is comprised of a condominium which contains 20 floors at 10 units per floor, it is a monumental task to provide maintenance and service to 200 units. It also involves a great deal of money to keep the entire property properly cared for and functioning as it ought to. To adequately execute this role, strata property managers must have the requisite professional knowledge and know-how. This is why the government has imposed licensing requirements to ensure each strata property manager is qualified to undertake the task.

In essence, the licensed strata property manager is a jack of all trades, lending their skills wherever and whenever they are needed to keep the corporation operating seamlessly.

Some of the duties allotted to a B.C. licensed strata property manager include:

  • Assisting with paperwork
  • Providing an agenda for meetings
  • Recording minutes from strata council meetings
  • Distributing minutes to all strata council members
  • Hiring professionals to complete work projects on the strata corporation grounds
  • Preparing financial statements and annual budgets
  • Collecting fees from owners and those with outstanding fees belonging to the corporation
  • Paying bills for the strata property
  • Ensuring the strata corporation carries adequate insurance
  • Preparing necessary documents for the strata corporation
  • Holding and providing access to critical documentation for the allotted amount of time under B.C strata law
  • Supervising the work of hired contractors
  • Providing emergency contacts

Career as a Licensed Strata Property Manager in BC: Jobs and Growth

What Jobs are Available in Strata Property Management?

Obtaining a license to operate as a strata property manager offers job seekers many different employment opportunities.

Among the jobs they can fulfill are:

  • Strata property broker
  • Independent strata property manager
  • Maintenance facilitator
  • Administrative services
  • Accounting services

Thinking a career as a B.C licensed strata property manager might be for you? Quick Pass Master courses can help. Our pre-licensing program assists job seekers with attaining a thorough understanding of all of the requisite materials to master and pass the B.C. strata property management licensing exam. Contact us now at {phone} or {email} to learn more about how our courses can help you succeed.

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