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 Friday July 21, 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. In fact, we don’t want you to view next year’s budget as a task at all.
Tips for Planning a Successful Community Event
Posted on Monday July 11, 2016
Community events are a great way for Condominium Corporations to bring residents together, create a sense of community pride and encourage a social and cohesive community environment! What better way to build relationships and enhance residents’ quality of life than to bring homeowners together to meet their neighbors and feel more connected and engaged with their local community.
How to Save on Ontario Summer Energy Costs
Posted on Thursday July 07, 2016
Summer’s longer days mean more time to spend outside enjoying warm weather and sunshine. The Ontario summer is also the time when your building is working hard to keep you comfortable, which often leads to higher electricity costs. This makes summer an excellent time to consider energy management to help control these costs.
Property Management 101: Top Tips for Board Members
Posted on Tuesday June 21, 2016
As a condominium board member, you know you have a huge part to play in ensuring a great lifestyle for your residents. It’s your job to provide leadership, ensure financial stability, and create a sense of togetherness. Consult these helpful property management tips for new board members and experienced ones alike.
Why Your Condo or High-Rise Needs a Great Front Desk Team
Posted on Thursday June 02, 2016
Five seconds. Science tells us that’s how long it takes to form an initial judgement about a person or thing. First impressions are even faster – they happen in an instant. Given this limited time to make a positive impact, the need for a great front desk team is clearer than ever.