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Here’s where you’ll find recent articles about FirstService Residential, as well as our impact on the areas we serve.

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5 Tips to Improve How Your Council Communicates the Strata Budget

Posted on Tuesday July 03, 2018

Creating your strata corporation’s annual budget is one of your council’s most important jobs. It takes a lot of time and hard work, and it frequently means making tough spending decisions. Strata members often scrutinize it carefully because of how much it impacts the strata as a whole and themselves as individual homeowners. “The budget affects everyone because it’s something that all the owners in the strata are contributing to,” explains Dylan Murray, controller for FirstService Residential in British Columbia. “You can never over communicate about it.”
 

Depreciation Reports: What You Need to Know

Posted on Monday May 21, 2018

A depreciation report provides an inventory of your Strata Corporation’s common property and assets, their projected 30-year maintenance and replacement cost. It is a useful tool for Strata Councils when it comes to budgeting for capital projects and it also gives transparency for owners and buyers on the building.

3 Ways Your Strata Corporation Can Fund Capital Expenses

Posted on Tuesday May 15, 2018

Your strata council may not want to think about future expenses given what you need to spend money on today. But eventually, you’ll need to fund the repair or replacement of your building’s big-ticket components. Whether that means replacing the roof, overhauling the elevators or installing a new heating and cooling system, you can’t overlook these projects. So how does your strata plan to pay for them?
 

11 Qualities that Make a Great Strata Management Company

Posted on Monday May 14, 2018

While every strata corporation has its own unique needs, and every property management company has a unique way of serving them, there are a handful of qualities that any great company should have. And if they don’t, steer clear.

How to Choose the Best Property Management Company - 10 Questions You Need to Ask Today

Posted on Thursday May 10, 2018

So how do you determine which property management company will provide your strata with the best service? Here are 10 important questions that you should ask when consulting with strata management companies to help you make an informed decision.

The Quick Guide to Finding a Strata Management Company

Posted on Tuesday May 08, 2018

So, your council has been self-managing your strata, and now you’re ready to hire a strata management company. Good decision! At first, you feel relief and then... panic sets in.  This is a big decision. How do you go about finding a reputable company that will dedicate itself to ensuring the safety and happiness of you and your neighbours? How do you know you’re making the right choice?

Talking the Talk: Communication Between Strata Corporations and Property Management Companies

Posted on Monday May 07, 2018

The relationship between a strata corporation and its property management company is similar to most relationships in your life: its success hinges on effective communication.

Debunking the Eight Biggest Myths About Partnering with a Property Management Company

Posted on Friday May 04, 2018

In the interest of transforming mystery into a portrait of the industry’s reality, you’re invited to consider (that is, re-consider) these eight myths about property management firms.

Infographic: Enforcing Strata Bylaws

Posted on Tuesday May 01, 2018

All strata corporations have bylaws. Bylaws affect a strata lot owner’s rights and responsibilities and how a strata corporation operates. Strata corporations can have bylaws which can: establish quiet hours, ban smoking in common areas, allow certain types of pets, restrict the rental of residential units, or even specify the type of window coverings.

Keeping Up With Your Strata’s Maintenance and Improvement Needs

Posted on Friday April 27, 2018

One of the most crucial ways to protect your strata corporation’s financial health is by staying on top of your property’s maintenance and improvements. To manage this well, you need to have a means for attending to required preventative maintenance and regular maintenance. Here’s what that should entail.
 

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