Strack for Self-Managed Strata
Take control of your strata community management with Strack: Effortless, transparent and flexible solution to keep your strata on track.
SELF-MANAGED
Key Benefits
Strack provides unprecedented flexibility in that once you are in the Strack system, you can transition to any other strata management model with minimal fuss and retain all your data. With Strack, you can:
- Fully Manage your own Strata Scheme.
- Easily transfer management to new designated administrators within the system.
- Subscribe to one of our higher plan levels where you can choose to have our team manage administrative parts of the process, such as issuing levies, owner invoices and reconciling disbursements and receipts.
- If you no longer have bandwidth to self-manage and would like to be managed by an agent, we can refer you to any of our partner agencies using Strack. You retain all the data and can switch back to self-managed as needed.
- Once you join Strack, we’re sure you won't want to leave. But if needed, you could easily request a full download of your data to take with you.
Retain Control
With self-managed strata using Strack you retain full control and visibility and a wide range of service providers that you can engage with to manage various aspects of your strata community.
SELF-MANAGED
Features and Capabilities
Cloud-based management software provides flexibility and security to access the system from anywhere without the overhead of investing in and maintaining any infrastructure or ongoing updates.
Strack allows you to:
Manage Full Service Request Workflow
Work together with owners, committee members, and service providers in real-time on various repairs and maintenance tasks. With Strack, you can efficiently manage service requests, request quotes or tenders, issue work orders, and handle vendor invoicing, all in one platform. Easily source multiple quotes from service providers either via Strack or emails, and issue work orders. Receive job reports and invoices from service providers and link them mark the job completion on the capital works/sinking plan.
Automated bank reconciliation and trust accounting
A comprehensive trust accounting system that facilitates automated reconciliation of disbursements and receipts, ensuring accuracy and efficiency. Our design removes the need to have detailed knowledge of accounting, while ensuring compliance with financial reporting requirements.
Budgeting and Levies
Flexible budgeting tools allow you to easily calculate levies and send them to owners with seamless efficiency. You can also track payments, generate detailed reports, and adjust budgets as needed to keep your community’s finances on track.
Digital Meetings
Create and distribute meeting agendas and minutes effortlessly within Strack. Conduct digital strata meetings and gather votes online, streamlining the entire process for smoother decision-making. Additionally, take advantage of our integrated video conferencing feature to hold virtual meetings with ease, ensuring full participation from all members, no matter where they are.
Debt Management
Strack takes the hassle out of managing overdue levies by automatically sending reminders to owners with outstanding payments. This ensures timely follow-ups without any manual effort, helping to improve cash flow and reduce the risk of delinquent accounts. With automated reminders, you can focus on other tasks while keeping your community's finances on track.
Document Management and Sharing
Strack securely stores all uploaded files in a centralized document management repository, ensuring that all important records for your strata scheme are easily accessible and organized. Additionally, you can upload owner-specific documents to share directly with individual owners through their personal owner portals, streamlining communication and document sharing.
Owner Portal
The Strack Strata Owner Portal software provides property owners with a centralized platform to manage their strata-related tasks efficiently. It offers easy access to service requests, financial reports, meeting agendas, levy invoices, and essential building documents. Owners can submit and track requests, participate in online meetings, and view statements, all from one user-friendly interface. The portal enhances transparency and streamlines communication between owners and strata agents, ensuring smooth and effective strata management.
Compliance
Simplify Strata Act Compliance with Ease! Our intuitive platform automates key tasks like record-keeping, meeting minutes, and financial reporting, ensuring you meet all legislative requirements with ease. Submit your annual reporting to NSW Strata Hub, provide access to records for strata searches and audits, record various compliance requirements, such as fire safety and backflow testing and ensure you stay on top of any legal requirements and avoid hefty fines.
Pricing for
Self-Managed
Owners' Corporations:
Fully manage your own Strata Scheme.
Easily transfer management to new designated administrators within the system.
Subscribe to one of our higher plan levels where you can choose to have our team manage administrative parts of the process, such as issuing levies, owner invoices and reconciling disbursements and receipts.
If you no longer have bandwidth to self-manage and would like to be managed by an agent, we can refer you to any of our partner agencies using Strack. You retain all the data and can switch back to self-managed as needed.
Once you join Strack, we’re sure you won't want to leave. But if needed, you will get a full download of your data to take with you.
Completely Self-Operated
- Take full control of your strata
- You manage everything in Strack
- 2 hours of free support to get you started
- Ongoing professional support available
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Average saving of $357/lot annually
Per 2023 Macquarie Benchmarking report
Admin Assisted
- We handle levies, invoices and bank rec
- You stay in control and manage owner details, budgets, costs and meetings
- $350 once-off setup cost per scheme
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Average saving of $309/lot annually
Per 2023 Macquarie Benchmarking report
Fully Managed
Contact us for quote
- Professional management by our trusted strata partners
- Keep control via Owners' Portal
- Easy switch to other management modes
- Minimum contract 12-months
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Average saving of $153/lot annually
Per 2023 Macquarie Benchmarking report
Frequently Asked Questions
We're here to answer all your questions
Quick answers to questions you may have about Strack for Self-Managed Strata.
Have more questions?
Step 1: You can review the information and videos on the website to get familiar with the functionality.
Step 2: If you don’t have further questions and would like to set up subscription, please fill out the Contact Us form with required information and our sales representatives will set up your access to Strack so you can experience the full power of the platform firsthand. We include a 10-day cooling off period.
Step 3: If needed, we can perform full migration of the data you provide.
Step 4: You will receive an invoice that you can pay via bank transfer within 2 weeks. Or you can simply add our invoice into Strack and pay via ABA file, following the vendor payment process.
Optiional: If you have further questions or require further demonstration of the capability, please submit your details or email us at info@strack.com.au and our customer service representative will get in touch with you.
Strack is very intuitive and is easy to get started following our online guides. Add your strata building details, the strata roll with contact information, initialise opening balances for your owners and financials and you are ready to go.
Alternatively, we can initialise the system for you from up-to-date reports, whether you’re transitioning from a strata agent or another set of tools. Reports needed include:
- Balance Sheet
- Income Statement
- Bank Statement
- Strata Roll with units of entitlement
- Owner Ledger
- Budget
Get started
Ready to supercharge your strata?
Strack can help you to:
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Fully Manage your own Strata Scheme
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Easily transfer management
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Save time and effort
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Reduce costs
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Track service requests
