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Spotlight: Fraud & Crime in Condos (CPO Management Inc. Featured in ACMO’s Condominium Manager Magazine
Check out our latest feature in the Association of Condominium Managers of Ontario (ACMO) Condominium Manager magazine – Fraud & Crime issue. We discuss the importance of tendering and technical assessments for ethical capital improvements. Property managers play a key role in not just assisting, but also educating board members on capital improvement best practices.…
Read More5 Important Things Florida’s Surfside Condo Collapse Has Taught Boards
Florida’s Champlain Towers’ south condo collapse is a scenario all condo boards dread. Yet, lost life due to poor property management is completely avoidable. Here we look at five important things the surfside collapse has taught condo boards. The Danger of Deferrals According to sources, an engineering report noted “major structural damage” in 2018. The…
Read MoreIrrigation in Condos: 5 Ways Water Smart Irrigation Assessments Saves Money
Inefficiencies in water irrigation systems in condos can lead to costly water waste. Therefore your board needs to ensure proper management and maintenance of your system. One of the easiest ways to do so is to schedule a Water Smart Irrigation Professional (WSIP) Assessment. Here are five ways a WSIP assessment can help reduce water…
Read MoreWhat Boards Need to know About the Condo Guide
As of January 1, 2021 condo developers must provide the new Condo Guide to purchasers of residential new or pre-construction condos. While the Condo Guide speaks to topics of interest for condo purchasers, it’s also important to condo boards. Here’s what your condo board should know about related Condo Act amendments and the Condo Guide…
Read MoreBreaking Down Costs Of Poor Communication For Condo Boards
The efforts to maintain effective communication between condo boards and owners can take up a lot of time. However, when looking at the potential costs and consequences of poor communication, it is easy to see the importance of effective communication. Here we break down the costs condominium corporations face due to poor condo board communication.…
Read MoreProperty Managers: Just Washing Surfaces? What About Air Quality in Condos?
With the arrival of the pandemic, condo protocols focused on cleaning surfaces. This overlooked a far more dangerous threat: Poor indoor air quality in condos. While your building should continue to clean surfaces, you should also introduce clean air protocols. Risk of Ventilation and Aerosol Transmission Someone infected with COVID-19 can spread particles when they…
Read MoreCOVID Impact on Condos: 5 Unexpected Ways it Interfered with Board’s Plans
COVID impact on condos has been felt throughout the GTA and beyond. Many condo boards could find the operational adjustments made for COVID could contribute to financial issues for their condo. Here we outline five unexpected ways COVID impacts your condo board’s plans. 1. Lagging Maintenance Schedules No one can blame you if your maintenance…
Read MoreBest Strategies For Condos Post-Pandemic Workforce Transition
In our blog How to Be Prepared for the Post COVID Workplace, we explained how to create the ideal hybrid workplace model. Now, here are our top strategies for condo corporations for successful workforce transition post-pandemic. Understand the Need to Acclimatize Post-Pandemic We all faced instant change when lockdown measures were announced. As a result,…
Read MoreCondo Insurance: Why Now Is The Time Boards to Plan For Insurance Challenges
As more buildings in the GTA age, the risk for major issues such as water damage rises. Here we explore the world of condo insurance and why now is the time your condo board should plan for insurance challenges. Insurable Losses and Your Reserve Fund Your reserve fund pays for “foreseeable” major repairs and replacements…
Read MoreHow To Avoid Mistakes When Reopening Condo Amenities
While the entire city of Toronto lets out a collective sigh of relief as restrictions ease, your condo board might find itself ill-prepared for the grand reopening condo amenities. Here we offer tips to help avoid mistakes as you prepare for the reopening. Keep Tabs On Progress Because the government is being extra cautious this…
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