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What You Need to Know About Condo Board Elections
Condo board elections take a lot of thought and consideration to ensure the board of directors is productive and effective. Finding great candidates for the role of a board member can be challenging. A board member must have a balance of honesty, experience and a sense of selflessness. This ensures the board is managed fairly.…
Read MoreWhat do I need to know about Coronavirus today?
With the initial news that the deadly coronavirus was spreading in China, many Toronto residents couldn’t help but recall the SARS epidemic of 2003. However, after 438 probable and suspect SARS cases and 44 deaths in Canada from SARS, we have learned a lot about the spread of such viruses and are better equipped to…
Read MoreConflict Resolution Strategies for a Condo Board
Conflict between a Condo Board of Directors and residents is more common than you’d think. With so many players, it is inevitable that disagreements will arise on decisions made, issues with the condition of the building and even conflicts amongst neighbours. Trying to avoid conflict in the first place might be a good start, but…
Read MoreReserve Fund Study for condos
Everything you need to know about reserve fund study. Whether you sit on a condo board of directors or own a condo, understanding the ins and outs of condo management can be a big benefit. One of the most important aspects of condo management is the reserve fund study. According to the Condominium Act, 1998…
Read MoreSelf-managed condos vs. hiring property management
Should you hire a property management company or can you manage your condo as a corporation? Looking for ways to cut corners in condo management can help your condo corporation remain ahead of the game financially. However, being wise in where you choose to slash costs is very important if you don’t want to increase…
Read MoreHow to pick a property management company for your condo
Choosing the right property management company for your condo is one of the key decisions a condo board will ever make. Here is a proven strategy for selecting the best company to work with on managing your condo corporation. Condo board responsibilities First, let’s establish what condo corporations are responsible for. In Ontario, condos must…
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INDUSTRY NEWS PROPERTY MANAGEMENT RESOURCES What Every Condo Board Needs to Know About PICs Right Now Periodic Information Certificates (PICs) are semi-annual condominium reports required by Ontario’s Condo Act. Here we look at what … Read More Here’s What Happens When Condo Boards Invest In Succession Planning Succession planning is the best strategy to prepare…
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