That’s always a difficult question. Some owners want to save every penny today and keep monthly fees as low as possible. People who are on a very tight budget, people who plan to sell in the near future, and investors who need to “make the cash flow work”. Unfortunately strats/condo ownership is very much a
Articles
Going on a long vacation? Concerned about your condo or strata unit while you’re away?
Here are best practices surrounding maintaining unit temperatures, avoiding mold formation, & extended vacancy care of Strata Units. We work with numerous Stratas that are wholly or partially occupied on a seasonal or recreational basis creating concerns potential freezing / splitting of water pipes during extended absence of owners. These Stratas have employed varying strategies
Reduce strata emails anxiety
We’re strata owners and some of us are on councils. A while ago we had a situation with an owner that required discussion with our six council members. Every council member kept hitting “Reply All” when they responded. And then there were responses to responses, and responses to the responses to responses. You’ve lived this
Strategic Partnership Enhances Strata Services in B.C.
Canadian Strata Fund Track is excited to announce a new partnership with Allester Engineering, aimed at delivering more integrated and forward-thinking support to strata clients across British Columbia. Canadian Strata Fund Track Solutions (CSFTS) brings a long history of building restoration and has evolved into a leader in predictive analysis and digital asset management for
Major Changes to BC Strata Regulations, coming July 1, 2024
BC is introducing the biggest changes to strata regulations I have seen in over two decades of helping strata owners manage their building assets.
For many years we have offered what we call “predictive analysis” of strata buildings. Predictive analysis is a proprietary method that helps strata councils determine the best strategies for their reserves funding.
We See Through Walls – The Magic of Thermal Imaging
Definition: Thermal imaging is simply the process of converting infrared (IR) radiation (heat) into visible images that depict the spatial distribution of temperature differences in a scene viewed by a thermal camera. In layman’s terms, and at CSFTS, we use a thermal Imaging camera to pinpoint where undrained water is lying in wait to cause damage
We Help You See The Future: Using Predictive Analysis to Protect Stakeholders
We Help You See the Future Predictive Analysis! Never heard that term before? Maybe that’s because we invented it as a means of demonstrating cost and effort savings in the Management of your multi-family property. And we did that based on our experience watching Property stakeholders (Owners, Managers, Council Members) scramble to do repairs AFTER
Your Time, Your Life: Sometimes That’s not the Case in a Strata or Condo Home
So, you’re the proud owner of a Strata dwelling; or you’re responsible for managing a Strata dwelling; or perhaps you sit on Council for one. Regardless of your role, you have a vested interest in wanting maintenance and repair to be a natural and stress-free part of your day-to-day life. You might think that maintenance
Eyes Wide Shut
Ever bought a used car? Remember that moment of intense hesitation as the salesman went on about how the car was only driven by an elderly lady on Sundays to church and back? And was that the same car that eventually cost you both arms and one leg to keep it running? What did you
Reducing the Risk of Reckless Reconstitution:
Since COVID, headlines have appeared regularly about the challenges strata organizations have finding affordable coverage for their property. Some have even called for governments to intervene. We believe that if you understand how insurers look at your property, you can present your business case in a favourable way and obtain insurance at reasonable rates. We
Your Time Machine: Reducing Your Time Commitment While Bridging Today’s Strata to its Desired Tomorrow.
The Work of a Strata and Home Owner Associations (HOA) Manager, Board or Council member, or Strata owner (the Stakeholders) ranges from (a) rewarding & satisfying to (z) a chaotic, time hogging, stress inducing, physical & psychological nightmare. The villains who seek to introduce chaos to Stakeholder’s lives are weather, wear/age, and unexpected events. How,
Simple Things: Understanding the Not So Hidden Costs of Strata/Condo Ownership
Many things in life are complex. Too complex. Some things in life are simple, while other things COULD be simpler with a different perspective. Many times, getting the different perspective just needs a little help. For example, did you know that the cost of ownership in a multi-family building typically breaks down as follows: If
