Posts by client
Top gains condo boards have when they outsource accounting function to a property manager
Condo boards face ongoing challenges as volunteers. No doubt you are fully committed to your role and responsibilities. However, if you lack experience, providing high level service is difficult. As a result, it can interfere with effective financial management that can lead to ongoing challenges. Here we list the top gains condo boards have when…
Read MoreHow to Know if Your Condo Management Company is Legit
Did you know that condo management companies cannot provide services in Ontario without the proper license from the Condominium Management Regulatory Authority of Ontario (CMRAO)? Here we review the provider requirements to help you choose a legitimate condo management company. CMRAO Licenses The easiest way to confirm your condo management company is operating legally is…
Read MoreHow To Master Reserve Fund Study Management For Success
A good reserve fund study is one of the best financial predictive tools at your disposal. However, if you take the time to master reserve fund study management it can also help secure the success of your condo board’s performance. Participate in the Process of Reserve Fund Study The best way to master reserve fund…
Read MoreIs condo suite metering right for your condo board?
Suite or sub-metering provides residents with their own electricity measurement. As a result, they pay only for the energy they consume. Sub-metering can also help boards gain more control over energy use in common areas. If your building was built prior to 2010, you should consider the possibility of introducing suite metering. How Suite Metering…
Read MoreHow To Make Your Condo More Cycling Friendly
In Toronto cycling is one of the fastest-growing modes of transportation. In fact in the downtown core 15 to 30% of residents cycle to work. Unfortunately, many downtown condos fail to meet the needs of cyclists. Here’s the challenges cyclists face with ideas to make your condo more cycling friendly. Storage Storage is one of…
Read MoreHow to Create A Lobby Redesign Everyone Will Love
Condo lobby makeovers are likely to cause some ripples, if not out and out tidal waves when not managed wisely. If your condo board gets the majority of owners on board with your plans, your job becomes much easier. As a result, your first order of business is to work as collaboratively as possible. This…
Read MoreDoes your condo board outsource HR? Maybe it should.
Often condo boards oversee a team employed by the condo corporation. However, when the entire board is involved in HR it can lead to operational disruptions. If your condo board feels it has lost its footing, consider outsourcing. When you outsource HR function to a property management company, you regain control. Effective Hiring, Onboarding and…
Read MoreHow to overcome common condo balcony issues
While condo balconies provide additional space to residents, they can also pose additional headaches for condo boards. Because each resident might have their own idea of how to use their balcony, boards should be prepared to handle resident complaints. Here is how your board can take a proactive approach to overcome common condo balcony issues.…
Read MoreHow To Improve Condo Board/Management Relationships For Effectiveness
How you interact with your property management company impacts your relationship. Here we offer tips on how to improve condo board/management relationships to ensure you both remain effective. Understanding the Property Management Role When you define roles from the start, you help avoid conflict. In simple terms, the board is the governing body while property…
Read MoreThe Most Common Condo Board HR Mistakes & How to Avoid Them
HR mistakes can contribute to staff turnover and disrupt day to day property operations. Here we look at the most disruptive HR mistakes condo boards make and how you can avoid them by hiring a property management company. Too Many Directions lead to HR Mistakes When more than one board member gets involved with staff…
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