Search results for: common
Does your condo board outsource HR? Maybe it should.
Often condo boards oversee a team employed by the condo corporation. However, when the entire board is involved in HR it can lead to operational disruptions. If your condo board feels it has lost its footing, consider outsourcing. When you outsource HR function to a property management company, you regain control. Effective Hiring, Onboarding and…
Read MoreHow To Help Boards Avoid Condo Envelope Upgrade Disasters
Your condo envelope offers long-term exterior protection contributing to heat retention and energy efficiency. When it comes time for upgrades, your envelope must provide durability, energy efficiency and improved appearance. Here we offer tips to avoid disasters for your envelope upgrade project. Reducing Thermal Bridges Thermal bridges impact a building’s energy efficiency as they allow…
Read MoreHow To Mitigate Risk For Condo Water Damage
Water leaks originating from an owner’s unit can be catastrophic. Leaks can affect multiple units, as well as common areas. Although condo management provides plumbing maintenance and repairs, unit owners share the responsibility to mitigate risk in their own units. Here we look at how collaboration between owners and management can help mitigate risk for…
Read More6 Ways to Reduce Condo Maintenance Fees With an Experienced Management Company
Raising your condo maintenance fees is one of the toughest calls your condo board makes. If you are not working with a property management company, you lack the valuable insight that can actually reduce condo fees. Here are six cost saving opportunities you are missing without the guidance of an experienced property management company. Opportunity…
Read MoreA Board’s Ultimate Guide To Condo Parking Garages
Your condo parking garage has structural and water management components requiring maintenance. Understanding the most common components makes it easier to plan your maintenance budget. Here we provide your ultimate guide to common parking garage components and risks. Understanding Condo Parking Garage Slabs In most cases you will have a combination of the following “slabs”:…
Read MoreCondo Crime: Why Condo Boards Need to Keep Their Eyes on Local Crime
Although condo crime – as in apartment break-ins – is 60% less common than townhouse complexes, condo common areas are easy targets. Thieves can access vehicles, lockers, bikes, and more all under one roof. Therefore, board members should keep their eyes on local crime to understand how to keep the building secure. What Types of…
Read MoreThe 3 Most Valuable Contributors To Successful Water Conservation In Your Condo
Creating a water conservation plan can help reduce costs. However, it takes a village to contribute to effective water conservation. Here we look at the three most valuable contributors to water conservation to help you develop an effective plan. 1. Your Condo Board As the saying goes, the buck stops here when it comes to…
Read MoreWeather-Related Catastrophes: How Condo Boards can Minimize Risk
Weather-related catastrophes have property managers in Ontario on edge. Climate change continues to increase the risk of flooding, wind damage, and more. As a result, your condo board needs to create a strategy to help minimize potential damages and injuries. Here we explain how your condo board can minimize risk before weather-related catastrophe strikes. Catastrophe…
Read MoreCondo Trends: The 5 Hottest Trends for Condo Boards
Condo boards can look to changing condo trends to help maintain efficient, cost-effective industry best practices. Here we look at the five most compelling trends your condo board can embrace right now. 1. Integrated Technology Facilitating improved responsiveness and effective processes for both staff and residents requires integrated technology. Many condos are functioning with a…
Read MoreThe Tough Lessons Condo Boards Learned in 2021
We all learned some tough lessons in 2021, many driven by the pandemic. The end of each year presents an opportunity for you to use those lessons and take them to heart. By reviewing what you’ve learned you can improve your efficiencies and profitability for 2022. Here we look at the toughest lessons learned from…
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