Strata property can be a smart investment—but it can also turn into a financial nightmare if you don’t understand the risks. In this episode, I sit down with my business partner at Rezzi Strata, Nikki D’Agostino, to share real stories from the front line of strata management.

We talk about one shocking case where a $12K insurance policy skyrocketed to over $300K, why certain tenancy types are considered high risk, and how WA’s Strata Titles Act reforms can shift costs back onto problem owners or tenants. We also explore what makes a scheme “unmanageable,” the importance of checking strata minutes before you buy, and why community harmony matters for long-term value.

If you’re investing in WA property, this episode could save you thousands.

Key Topics Covered:

✅ Why certain tenancy types can send insurance premiums through the roof

✅ How a $12K policy turned into a $300K nightmare for one strata scheme

✅ The new WA legislation that allows costs to be shifted back to problem owners or tenants

✅ What makes a strata scheme “unmanageable” from a manager’s perspective

✅ How strata minutes can affect property valuations—and your exit strategy

✅ Why building community matters just as much as managing compliance

✅ The role of AI, automation, and offshore teams in the future of strata management

Resources & Links:

• WA Strata Titles Act reforms
• Website: https://rezzi.com.au
• Instagram: @rezziau
• YouTube: Rezzi Channel

Connect with Me

Website: https://rezzi.com.au

Podcast Hub: https://rezzi.com.au/podcast/

Instagram: @rezziau

YouTube: Rezzi Channel

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In Episode 45, Peter Fletcher sits down with industry veterans Nikki D’Agostino and Davide Palermo to take the pulse of WA’s real estate industry—and it’s clear that fatigue is setting in across all fronts.

Whether it’s burnout from relentless compliance reform, buyer exhaustion, or mental health strain among agents, this episode explores the human cost of a market under pressure. From the effects of COVID-era disruption to the reality of 200-page contracts, the team discusses what’s broken—and what we can do to fix it.

In this powerful solo episode, Peter Fletcher takes the mic to sound the alarm on a growing crisis in the Australian property sector: the rise of unlicensed buyer’s agents operating in the shadows of the industry. With the proliferation of social media-driven services and vague “investment advisor” labels, too many consumers are unknowingly placing their trust—and money—in the hands of unqualified operators.

Peter outlines a seven-point reform proposal aimed at closing regulatory loopholes, empowering consumers, and supporting licensed professionals. If you’re in real estate sales, buyer advocacy, conveyancing, or regulatory enforcement, this episode is a must-listen.