Board of Directors

building restoration myths for condo boards

Debunking Common Exterior Building Restoration Myths for New Condo Board Members

Congratulations on your new position as a condo board member! While you might be excited about your new role, it comes with a lot of responsibility, including assisting with condo renovation responsibilities like exterior building restoration projects. Here we help debunk common exterior building restoration myths to help you ace your first capital expense project…
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innovations for condos

4 Business Innovations for Condos

Every year technology introduces new ways to improve business operations. These improvements don’t always have to be industry specific to be effective. Here we look at four innovations used in other industries that offer potential benefits for your condo board. Check out these innovations for condos worth exploring. 1. Virtual Reality (VR) and 3D Imaging…
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Special Assessment vs. Condo Corporation Loans

Special Assessment vs. Condo Corporation Loans: Which is Really Best for Your Condo Board?

When your condo board requires immediate funds to cover an unexpected expense, you have two choices: 1) A special assessment or 2) A loan. Here we compare loans to special assessments to help you make the right decision for your condo community. Condo Corporation Loans Condo corporation loans are granted based on a “covenant” to…
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suite metering

Is 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…
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condo board effectiveness

How 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…
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Costly HR mistakes condo boards make

The 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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common area makeover

5 Elements of Design Every Condo Board Needs to Add To Their Common Area Makeover

When planning a common area makeover in your condo, condo boards should focus not on interior design details, but instead on creating livable spaces residents appreciate. Here we share five elements of design every board should include in their makeover plans to increase value and useable space. 1. Livable Spaces Livable spaces are designed with…
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water conservation in condos

The 3 Most Valuable Contributors To Successful Water Conservation In Your Condo

Creating a water conservation plan can help reduce costs. However, it takes a village to contribute to effective water conservation. Here we look at the three most valuable contributors to water conservation to help you develop an effective plan. 1. Your Condo Board As the saying goes, the buck stops here when it comes to…
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poor etiquette in condo boards

Poor Etiquette in Condo Boards: How this could be your Downfall

Today’s diverse communities require hypersensitivity for proper etiquette. In fact, a lack of etiquette or poor etiquette in condo boards could mean the downfall of your board. Here we discuss the role of etiquette in condo governance and how proper communication helps avoid poor etiquette. Proper Board Etiquette Focuses on Governance & Diplomacy Many people…
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catastrophes impact condos

Weather-Related Catastrophes: How Condo Boards can Minimize Risk

Weather-related catastrophes have property managers in Ontario on edge. Climate change continues to increase the risk of flooding, wind damage, and more. As a result, your condo board needs to create a strategy to help minimize potential damages and injuries. Here we explain how your condo board can minimize risk before weather-related catastrophe strikes. Catastrophe…
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