There are several advantages for managing agents who work in conjunction with a professional trustee. By understanding the role they perform trustees can better assist managing agents to perform their duties.
MANAGING COMMUNICATION
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Meetings that are chaired effectively allow the managing agent to focus on assisting trustees with the issues at hand
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Improved communication provided by a professional trustee results in less inter-personal management by the portfolio manager
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A professional trustee has dedicated time and can assist managing agents to get a quicker turn around time on approvals from the body corporate
ON SITE INPUT
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A trustee who is on site can assist managing agents to recognise and prioritise specific areas of both maintenance and budgetary concern
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Trustees who meet contractors can provide additional insight and request specifications which assist other trustees to better understand the work being undertaken
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Dedicated trustees who are on site and invested in the scheme make work easier for portfolio managers and managing agents by working with them to ensure efficacy and managing service level expectations
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Emergency contact when managing agents or owners need assistance after hours