Property Management

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…
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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…
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condo collapse in Florida

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…
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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…
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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…
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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…
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energy waste in condos

Energy Waste in Condos: How to Fix the Top Inefficiencies

When Ontario introduced its Energy & Water Reporting and Benchmarking (EWRB) regulation it was a wakeup call to many property management companies and condo boards given that energy waste in condos is such a critical issue. Essentially, it enabled condos to better track energy waste and use and get better at identifying efficiencies. Multi-unit residential…
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property management companies in Toronto

How Boards and Property Management Companies in Toronto Can Build Better, Happier Condo Communities

Condo boards and property management companies in Toronto all want a better community for their residents, without infringing on their rights and privacy. Communities in condos are diverse, providing homes to a wide variety of residents. This mix of people can offer a positive living experience. However, diversity often makes it difficult for board members…
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Language barriers in condos

How to Overcome Language Barriers in Condos

Communication is key when living in a condo community. Board members and residents must use effective communication. However, when communities are diverse, language barriers are a common occurrence. Language barriers include more than a person’s language of origin. Barriers span from unfamiliar and complex terminology to linguistics and physical barriers to state of mind. To…
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special assessments

What Condo Boards Should Know About Special Assessments

Special assessments are a condo owner’s worst nightmare. The assessment presents an extra charge on top of monthly maintenance fees. Owners do not have approval over a special assessment. From an owner’s standpoint, an assessment is never a good thing. Most owners trust their monthly fees include a reserve fund to pay for unexpected projects…
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