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- Condominium Spring/Summer Maintenance
Owning a condo in Toronto or the GTA means that you will have some maintenance upcoming for the warmer season. Performing certain maintenance during the spring and summer to your condominium property can help prevent larger costs down the line. Good condominium property management companies will guide condo owners on these maintenance practices. Read below for a checklist of general spring/summer maintenance activities you may need to perform on your property. Spring Condo Maintenance Checklist ☐ Switch furnace filter ☐ Inspect attic insulation ☐ Inspect sump pump operation ☐ Clean humidifier ☐ Test and reset exterior ground fault circuit interrupters (GFIs) ☐ If you have walkways or driveways inspect them for any cracks or other damages caused from winter weather ☐ Turn on exterior water supply ☐ Inspect caulking of windows and doors for air or water leaks to prevent damage or high heat/ac costs ☐ Inspect exterior finishes for any repairs needed from winter weather ☐ Check window screens ☐ Tidy window and door tracks from winter debris ☐ Annual maintenance for furnace and air conditioning system Summer Condo Maintenance Checklist ☐ Annual inspection of AC for efficiency ☐ Wash and make any necessary repairs to window screens ☐ On a dry sunny day, air out your basement if you have one ☐ Perform annual clean of clothes dryer exhaust duct, damper and space under the dryer ☐ Perform annual clean of exhaust fans and vents in kitchen and bathrooms ☐ Check the humidify levels in your home. Ideally they should be around 30-50% ☐ If you have window wells inspect them to ensure they are clear of debris. Clean outside windows on units and balconies.
- How to Select a Condominium Property Management Company
How To Choose the best condo property management companies in Toronto. There are many things to consider when selecting a condo property management company. A top condo property management company will be able to balance the demands of community members, board members, day to day administrative tasks and financial needs of the condo corporation. If you are a condo board member that feels overwhelmed with the duties of managing your condo, or are a condo community member that feels they can never get anything fixed it may be time to consider switching the property management company that you are working with. Below are five tips on how to choose a property management company that will best service your communities needs. Define the Role of a Property Management Company Your first step is to define exactly what role you are looking for a property management company to play in managing your community. What is a property management company? Condo property management companies are professional businesses that carry out the management tasks of the condo board as a third party. The key tasks of a condo property management company are the following: Respond to condo community issues and concerns Maintain condominium common areas Managing all financial and administrative tasks required of the condo corporation Ensure compliance with local regulations How to Choose Property Management Company Candidates Now that we know why a condominium property management companies job is, let's break down what condo board members should look for when selecting a property manager. 1. Location A key factor in selecting a condominium property management company is the location of their portfolio. This is not so much a focus on where there property management companies head office is located, but where the condo buildings that they currently manage are located. It is imperative that you review property management companies that manage other properties in your area. This ensures that the property manager will be familiar with your demographic, local trades companies and the local community in order to get the best possible results. 2. Experience There are many condominium property management companies in Toronto. When it comes to selecting the right property manager for your condo a key factor to look at is the experience a property management company has. You want to look at how long the company has been providing property management services and the reviews that they have. At Stronghold Management Group we have 30 years of experience providing property management in Toronto and the GTA. For more information on our property management services click here. 3. Services Offered All property management companies in Toronto will have a different set of services that they offer. It is hard to find a property management company that is skilled at both maintaining a condo buildings physical properties and effectively managing finances. In some cases, a property management company may be good at managing one aspect but fall short managing another aspect. To find a condo property manager that suits your needs, start by creating an RFP that lists exactly what services your property requires from a property management company. 4. Cost Condominium property management companies can have drastic differences when it comes to pricing. The majority of property management companies will charge you a flat monthly fee. At Stronghold Management Group we offer different pricing - that is completely customizable to your buildings needs. We allow condominium corporations to pick the services that they need and leave the ones they do not. This allows condo boards to select a property management company that offers the highest quality service at the lowest possible price. Pricing will vary based on your properties unique needs, size and number of units. 5. Communication At Stronghold Management Group we believe that the key to effective property management is good communication. Communication forms the basis of any business relationship. For a condominium property management company to be effective it must maintain good communication with board members, community members, trades workers and all other stakeholders. Your condo property manager will be the face representing you to your community on a daily basis - so you want to make sure that they are communicating with community members in a manner that portrays the corporation in a positive light. During the interview process it is important that you pay close attention to how the property management company is communicating with you. Are they communicating in a manner that you would feel comfortable representing your condo corporation on a daily basis? Some things to pay attention to include but are not limited too; - Response time to emails and calls - Do they seem interested in responding to any questions you have? - Do they make you feel comfortable or uneasy during the interview process? Paying attention to these key things during the interview process can help you to hire a property management company that you will be proud to have represent your property on a daily basis. For help with managing your property in Toronto, Scarborough, Mississauga, Pickering, Ajax, Oshawa, Brampton, Vaughan, Thornhill, Richmond, Newmarket, Aurora, Port Perry, London, Barrie, Orillia, Milton, Woodbridge click here.
- Best Condo Property Management Company in Toronto
Tips for how to find the best property manager for your condo building in Toronto or the GTA. There seem to be endless possibilities when trying to find the best property management companies in Toronto, Scarborough, Brampton, Mississauga, Vaughan, Newmarket, Richmond hill, Thornhill, Aurora, Oshawa, Pickering , Ajax, Port Hope, London. Follow our guide to find the best condo property management companies in Toronto. This article will provide you with tips and tricks for finding the best Toronto property management companies. An effective condo property manager will know how to keep your condominium communities and residents happy. Here are some key factors to ask when looking for a new condo property management company: How will the property manager save the condo association money? How will the property manager respond to the communities needs? Can the property manager fulfill the full scope of work required from the Board of Directors for a condo corporation? It takes a balancing act to be effectively able to manage all of the needs of a condo corporation. Board of Directors look for property management companies that can manage these problems in the most cost effective way. One of the most important things to look for when hiring a new property management company is that the proper licensing is in place for the property manager. In Ontario, all condo property managers require specific licensing. To learn more about these licensing requirements click here. All Stronghold Managment property managers hold a license with the CMRAO and participate in continued education on a yearly basis. It is essential that you find a property manager who has this licensing to ensure that they stay up to date on legislation changes. At Stronghold Management Group we have over 30 years of experience in condo property management, with three decades of experience we have learned a few tips and tricks for managing any situation that comes a property managers way while achieving the condo corporations budget goals and maintaining resident satisfaction. Format each of your headings below to Heading 2 to keep your post neat and SEO-friendly. It might help to break up your introduction into 2 or 3 main points, so it’s easy for your readers to follow. Each paragraph or two should focus on one point. What education should a Condo Property Manager Have? Condominium property management companies in Toronto can be hard to find. Condo property managers in Toronto are required to hold a license. There are certain educational requirements that must be met in order to obtain this licensing. When searching for condominium property management companies in Toronto it is important to ensure that the property management company has the proper licenses. One resource you can use to find the certain credentials needed for a condo property manager in Toronto is the Canadian Condominium Institute. Click here for more information. What Should a Condo Property Management Company in Toronto Do? A condo property management company will wear many hats. They will be responsible for not only managing the physical condominium and being proactive about this maintenance. The CMRAO lists other common responsibilities of a condo manager as the following; collecting common expense fees maintaining records for the condominium corporation responding to condominium unit owner complaints ensuring maintenance and repair of the property hiring and monitoring service companies, and overseeing staff and contractors preparing draft annual budgets and overseeing the reserve fund implementing an emergency management plan and responding to emergencies preparing status certificates issuing meeting notices and reporting on the affairs of the corporation organizing board meetings and overseeing administration of all owners' meetings monitoring the corporation’s insurance preparing financial reports and arranging for audits advising the board of directors on compliance with the Condominium Act, 1998 advise the board members on its financial responsibilities (e.g., contributions to the reserve fund, long-term reserve fund planning) For more information on the role of a condominium manager please refer here For specific questions on condo property management in Toronto or the GTA email info@strongholdmanagementgroup.com toronto condo property management best condo property management companies toronto condo property management companies toronto condo property management toronto condo property manager salary toronto property management companies toronto condo property management condo toronto top condo property management companies toronto best condo property management companies in toronto best condo property management in toronto condo and property management in toronto condominium property management companies toronto condominium property management jobs toronto condominium property management toronto toronto property management property management toronto property management companies toronto property manager salary toronto property manager toronto property managers toronto toronto property management companies property management jobs toronto royal york property management toronto icc property management toronto property management companies in toronto