Property Management

Condo Window Replacement

Spotlight On Condo Window Replacement With Useful Tips For Success

The windows of your condo property impact the building’s aesthetics, energy efficiency, and water/air tightness. When your condo board embarks on a window replacement project, addressing these factors is critical. Here, we spotlight condo window replacements with tips for success.  Timing for Condo Window Replacement A general rule of thumb is that windows require replacement…
Read More
Condo Management

What are the Core Responsibilities Involved in Managing A Condo Corporation vs. Administration?

The title “Condo Manager” can be misleading. While one condo corporation might hire a Condo Manager to oversee administrative duties, another might hire them to carry out duties that require a license. The Condominium Management Services Act defines the core responsibilities of a licensed Condo Manager. Here we compare the core responsibilities of a licensed…
Read More
condo corporation

Finding the Best Property Management Company for Your Condo Corporation from Day 1

Managing a new-build condo is a significant responsibility. However, hiring a licensed condo property management company ensures your team succeeds from day one. Here’s our tips to help find the best property management company for your condo corporation. Make Sure a Condo Board is Involved The condo developer creates and controls the first board of…
Read More
condo maintenance in the winter

The most cost-effective upgrades to make your condo building more resilient this winter

Resilient buildings hold up to major damage caused by catastrophic weather conditions. With climate change wreaking havoc on Toronto properties, your winter maintenance strategy should focus on ways to improve your building envelope to reduce risks for weather related issues. Here we look at the most cost-effective upgrades your board should consider this winter. Window…
Read More
outsource administrative management function

The Top Wins For Condo Boards That Outsource Administrative Management Function

Outsourcing administrative work provides a direct route to improved efficiencies for your condo board. When you outsource your administrative management function you quickly fill in the skills gaps. As a result, you improve day-to-day operations, reduce stress, and enjoy cost-saving wins for your condo corporation. Improving Efficiencies as a Result of Outsourcing Administrative Management Often…
Read More
winter maintenance in condos

How to Keep Condo Owners Happy with Stellar Winter Maintenance

Nothing makes condo owners happier than seeing their hard-earned dollars at work. When you ensure your winter maintenance is well-managed, residents feel their property is being cared for and their common element fees are being used wisely. Here’s how to keep residents smiling even when the bitter cold of winter is upon us. Secure Trusted…
Read More

5 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 More
condo garage maintenance

How To Keep On Top Of Your Condo’s Garage Maintenance

If your condo’s parking garage is over 20-years old, you should develop a five-year schedule for condition assessments. This proactive approach allows you to make incremental repairs resulting in more manageable garage maintenance costs. Here are the tests you should be applying every five years. Delamination Testing: Chain Drag and/or Hammer Tap Survey While this…
Read More
Increasing property value in condos

The Important Role Condo Boards Play in Property Value

According to the Toronto Real Estate Board, 2020 third quarter condo resales increased by 10.5 percent in the GTA. This is good news, but it comes with one caveat: New listings increased by 84.6 percent. That presents steep competition when condo owners decide to sell. Therefore, board members should keep in mind the important role…
Read More
winter condo maintenance

Condo Winter Maintenance: The HOW-TO Guide

Nothing makes condo owners happier than seeing their hard-earned dollars at work. When you ensure your condo winter maintenance is well-managed, residents feel their property is being cared for and their common element fees are being used wisely. Here’s how to keep residents smiling even when the bitter cold of winter is upon us. Secure…
Read More