Preventing Condominium Issues When Snowbirds Fly the Coop
Posted on Wednesday December 13, 2017
As Canadians anticipate spending the winter months knee-deep in snow and freezing temperatures, it’s likely that some residents in your condominium corporation community are anticipating spending some of their winter in a warmer climate.
Preventative Roof Maintenance is Crucial to the Sustainability and Longevity of Your Roof
Posted on Thursday November 16, 2017
We can all agree there are many important elements to a housing structure, but your roof is probably the most important. Changing temperatures, snow accumulation, large amounts of rain, ice dams and high winds can all cause major damage to condominiums, townhomes and single-family homes. These harsh weather conditions can create all sorts of problems, from minor leaks to major cave-ins that can cost a condominium corporation thousands to repair.
True Financial Stability
Posted on Tuesday September 26, 2017
A strong, healthy corporation requires every facet of property management to work in sync toward one common goal...true financial stability.
Smart Financial Planning
Posted on Thursday September 21, 2017
Safeguarding a condominium corporation’s operating and reserve funds is one of the main fiduciary duties of all board members, not just the treasurer. This means that boards must protect the financial interests of the corporation and its members by making sure all funds are properly managed, invested and protected.
Understanding Condominium Corporation Reserve Funds and Reserve Studies
Posted on Tuesday September 12, 2017
One of the most important responsibilities of your condominium corporation's board of directors faces is effectively planning for major common-area repairs and replacements. Whether a costly expenditure is needed in a few years or not for 20, it’s the board’s fiduciary duty to make sure your condominium corporation has adequate funds when the time comes. That’s where reserve funds come into play.
Condominium Corporation Budgets: Things to Consider When Creating Your Budget
Posted on Monday July 24, 2017
The annual budgeting process offers an opportunity for your board to explore your condominium’s current financial condition and to ensure your community’s financial stability for the future. Successful condominium management hinges on a well thought out budget for both short-term and long-term planning.
Condominium Corporation Budgets: Creating a Road Map to Success
Posted on Wednesday July 19, 2017
It’s budget season! Are you stressed? Concerned about a potential dues increase or a large capital project that’s looming in the future? The word “budget” can be scary, so thinking about creating next year’s budget is daunting for many homeowners boards. We’d like to change that.