Watch: A Fair Future For Strata: Navigating the Crossroads of Strata Management Fees

This webinar was originally held on 21 November 2024, hosted by LookUpStrata.

The recording of the webinar, and key insights are published on the LookUpStrata website.

Panellists will vigorously debate sustainable strata management fees in Australia. The panel will dissect the complex landscape of strata management fees, exploring solutions to achieve a sustainable future for the industry.

• Is it time to abandon the ingrained "price-per-lot" model and embrace alternative pricing structures?

• Should insurance commissions be abolished, or are they necessary to the industry's revenue model?

• Can industry regulated pricing lead to downward pressure on fees? • How can strata companies ensure they are adequately compensated for their expanding range of services?

• Can strata managers effectively communicate their value proposition to owners and committees, fostering a willingness to pay a fair price for quality service?

Featured Panelists:

• Michael Kleinschmidt will offer his perspective on the legal and ethical considerations surrounding strata management fees.

• Michael Teys will share his insights on improving profitability through professionalisation and streamlined operating systems.

• Luke Downie will highlight the importance of industry-wide dialogue and abolishing insurance commissions for strata managers.

• Leanne Habib will champion a client-focused approach and advocate for recalculating and revisiting insurance commissions.

• William Marquand will provide practical advice on evaluating body corporate contracts and the importance of understanding the value a good manager delivers.

• Aaron Petrilli will shed light on current recruitment trends and the focus on work-life balance.

Expect a robust discussion, differing viewpoints, and potential for disagreement, particularly on the contentious topics of insurance commissions and industry-regulated pricing.