Search results for: special assessment
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 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 More6 Ways to Reduce Condo Maintenance Fees With an Experienced Management Company
Raising your condo maintenance fees is one of the toughest calls your condo board makes. If you are not working with a property management company, you lack the valuable insight that can actually reduce condo fees. Here are six cost saving opportunities you are missing without the guidance of an experienced property management company. Opportunity…
Read MoreCondo Trends: The 5 Hottest Trends for Condo Boards
Condo boards can look to changing condo trends to help maintain efficient, cost-effective industry best practices. Here we look at the five most compelling trends your condo board can embrace right now. 1. Integrated Technology Facilitating improved responsiveness and effective processes for both staff and residents requires integrated technology. Many condos are functioning with a…
Read MoreThe 4 Most Revealing KPIs Every Condo Board Should Track To Avoid Disaster
The financial and physical health of your condo depends on your board’s management. One of the basic management best practices boards tend to overlook is using key performance indicators (KPIs and more specifically condo KPIs) to measure their success. Does your board measure and track the success of your condo corporation? Here we list four…
Read MoreProperty Management Services
Property Management Servicesin Toronto & the GTA Toronto Property Management Company CPO Management Inc. is your professional full-suite property management company Toronto trusts for residential and commercial condominiums as well as shared facilities. With almost 20 years in the industry, we are recognized as an experienced, trusted, and loyal partner to our clients. REQUEST A…
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 MoreCondo Management Services
Condo Management Servicesin Toronto & the GTA Toronto Condo Management Company CPO Management Inc. is the professional full-suite condominium property management company Toronto trusts for residential and commercial condominiums. Approaching two decades of service in the industry, we believe in building long-term partnerships with our clients based on trust. REQUEST A PROPOSAL Featured in Our…
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 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…
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