The Most Pressing Issues in Strata Management with Michael Teys

Strata management—it’s one of those areas in property where things can get tricky if you’re not in the know. In this episode, we’re joined by Michael Teys, who’s been in the trenches of strata for years, tackling some of the biggest issues that come up in this space. If you’re involved in a strata scheme—whether as an owner, investor, or part of a committee—this is a conversation you just can’t afford to miss.

Today, we dive into the real problems that strata communities face every day. From dealing with disputes that can turn neighbors into enemies to sorting out financial messes that can sink a scheme, he’s got the inside scoop on what works and what doesn’t.

We also chat about the legal side of things—what’s changing, what’s staying the same, and how it all impacts you.

But it’s not all doom and gloom. We also talk about how to keep the peace in a strata setup and why being proactive can save you a world of headaches. And as for the future? We touch on where strata management is heading and what that means for everyone involved.

This is your chance to get a handle on the biggest issues in strata management today, straight from someone who’s seen it all. So, grab a coffee, settle in, and get ready to learn from one of the best in the business. Let's get started!

Episode Highlights:

00:00 - Introduction

01:03 - Who is Michael Teys?

02:22 - What did the ABC Four Corners exposé reveal about controversial strata practices?

10:23 - How strata managers started charging like real estate agents, and how they can regain trust

16:50 - Are strata companies or owners to blame for management issues?

21:36 - What are the challenges in keeping good strata professionals?

30:11 - What are the obstacles to reforming strata management?

36:06 - Does unpaid service affect local government and strata roles?

40:01 - Are builders learning from past strata mistakes? Will quality improve?

44:17 - Given the current leadership vacuum, where might we see effective leadership emerge?

50:27 - Michael shares a lesson/humorous story in property that we can all learn from

About Our Guest:

Michael Teys is one of Australia’s leading strata experts. He works for corporate owners of strata property, property professionals and strata managers providing advisory, research and training on complex strata issues. With over 30 years’ experience in strata titled property issues, Michael is now an advisor to corporate and institutional owners of strata property. He is a member of the City Futures Research Centre at UNSW and provides training to strata managers and allied property professionals.

Connect with Michael Teys:

• Website https://michaelteys.com/
• LinkedIn https://www.linkedin.com/in/michaelteys/

Resources:

• Visit our website https://www.theelephantintheroom.com.au
• If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast - questions@theelephantintheroom.com.au
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