Across Australia, there are already around 270,000 Owners Corporations, also known as strata communities or body corporates depending on the state. Over the next 15-25 years, experts are predicting more than 10 percent annual growth. As most Owners Corporations choose to have their assets professionally managed, Network Pacific Strata Management is set to expand. As a result, new franchising opportunities are opening up for customer-focused professionals with an interest in property and finance.
What is Strata Management?
The majority of Australia’s apartments, townhouses and commercial buildings are based on a shared common property ownership model. Purchasers gain a share of the common areas such as lifts, foyers, gardens, pools and car parks. They are also automatic members of the Owners Corporation, which is legally responsible for overseeing the maintenance and overall management of the common property. This includes financial management, insurance, record keeping and compliance with various laws and regulations.
Network Pacific Strata Management launched in 1994 and offered its first strata management franchise in 2015. The company is now one of Australia’s largest and most successful strata management organisations, with offices in Victoria, Queensland, Europe and South East Asia.
It has achieved ISO9001 quality assurance certification and a Google star rating of 4.4.
A ready-made business with instant income
“We’re currently managing $6.5 billion worth of assets on behalf of 23,000 clients,” says Stephen Briffa, Managing Director of Network Pacific Group of Companies.
“Franchisees manage the common property of owners’ corporations,” he explains. “Network Pacific Strata Management franchisees walk straight into a ready-made business. We’ve been managing the properties for five or six years so we’ve settled most of the issues.
“They also start earning a contracted income right away, even while they’re completing their 13-week induction training. They are getting a secure portfolio income from day one.
“We do all the legislative and software training, give them practical experience in attending Owners’ Corporation meetings.”
Franchisees need to have excellent communication skills and be good admin coordinators, he says.
“This is all about relationship-based contracts. We look for business experience, that’s critical. “
There’s no limit to how far the business can go as franchisees can bring in new properties to their portfolio.
“On top of the base contract income stream there are additional services which generate additional revenue streams for the franchise business.”
While the individual growth opportunities are boundless, there are limited opportunities to buy into Network Pacific Strata Management.
“We only offer a limited number of franchises a year because of the resources we put into supporting franchisees. We’re not interested in being a large franchise group, what we want are quality franchisees,” says Stephen Briffa.
To find out more about the exclusive opportunities to join Network Pacific Strata Management visit the www.networkpacificstratafranchise.com.au It could be the first step to a new, fulfilling and profitable career.
For a confidential discussion contact Colin Crawford at Wollermann Franchise Developments on 0425 838 800 or FREECALL 1300 249 276 for further information.