Articles

How do you like to say “hello?” No matter what expression you use, chances are you like to take the opportunity to put your best foot forward and make a good first impression.

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.

According to the Public Health Agency of Canada, viruses can live on hard surfaces like elevator buttons, door handles, gym equipment and more, moving from person to person easily. As a board member, you want to help prevent that to keep your residents healthy and your community running smoothly. Read on to learn 4 ways you can help do that.

We will all need a measure of patience as we navigate changes related to the pandemic. Communications may move at a pace that’s different than we’re used to. As always, the best policy is to assume positive intentions from others, listen carefully and respond professionally.

Variables that can affect your board’s specific requirements might include the type of community or building you have, your location, your available resources and your demographics, to name just a few. Despite these differences, your strata can create an effective – and life-saving – plan by following these eight basic steps.

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. 

Safeguarding an Ontario 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.

A condo corporation’s overall financial health relies heavily on following regular maintenance schedules and making necessary property improvements before it’s too late. To ensure that these important responsibilities are well managed, a long-term plan and effective handling of day-to-day projects is required. Want to know what you can do to make this happen?

It’s that wonderful time of year! Many of us are shopping online to get that perfect gift for our loved ones. And, for those doing last-minute shopping, we don’t want to have to worry that something will go wrong with our deliveries.
 

You want your condo community to be successful. All board members do. You know that means watching the finances carefully and maintaining the property. But do you think about effective board communication as an ingredient in your recipe for success? It is!