We at Canadian Strata Fund Track Solutions (CSFTS) are driven by the goal to reduce negative surprises for Condo owners. We all live with surprises in life and the only constant seems to be change. But when you live in a Condo or any other type of managed home, peace of mind is what homeowners […]
Financial Management
Inflation and Your Strata Managed Home
There are so many ‘what ifs in life aren’t there? Let’s look at Inflation through the “what if” looking glass. What if you, as a Condo owner, could predict maintenance cost inflation, or Strata Fees inflation, or utility cost inflation, or Insurance, or, or, or…. The list could, and in fact does, go on and […]
What Can You See? Short Term Cost Avoidance Means Higher Cost Overall.
The Boss at our enterprise suggests that in all areas of our lives, there are three questions that, when honestly answered, create a bedrock of information that help us move forward in a positive manner. Those questions are In a recent post entitled “Inflation and Your Strata Managed Home,” we explored the “what if” proposition […]
Predictive Analysis Creates Predictable Cash Flows
Predictable cash flows create peace of mind for: Wise investors & managers postulate a penny saved is a penny earned. They also know that a penny ‘saved’ today by neglecting building-life planning could mean 300 or 400 pennies needlessly spent later. Regrets are costly. Using infra-red imaging and other proprietary practices we get a complete […]
Predictive Analysis: What Is It?
Some stories prey on your emotions. Some stories prey on your sense of justice. And then there are other stories that activate both of these responses. It’s hard to read the story behind this link without getting emotionally involved AND without wanting to scream that there IS a preventative option. Anyone who owns, Manages, or […]
Shopping for a New Home? Minimize Maintenance Fee Shocks if Looking at Condos.
Shopping for a Condo, or other Strata managed home? As a shopper, the following article will help. As a shopper, you should also ask for a Predictive Analysis. Give us a call to know more about how a Predictive Analysis provides so much more in addition to the Depreciation Report. https://ca.finance.yahoo.com/news/minimize-maintenance-fee-shocks-shopping-170605018.html Contact Us
Extended Lives: Understand the Expected Life Spans of Each System Component in Your Strata Managed Building
We talk a lot about planned maintenance versus waiting for things to break and enduring the surprise costs to fix. We talk about these two things because such surprises have the potential to totally disrupt a Strata homeowner’s life. Using the roof system of your building as a prime example, the accompanying picture shows the […]
Bylaws, Bylaws, bylaws
Bylaws, Bylaws, and More Bylaws: Why it’s So Important That You Understand Each One Thinking of purchasing a Strata Managed home? Make sure you read the bylaws for that Strata before the purchase, and if you have any questions, ask. The following article gives a deeper explanation as to why. Copyright: stylephotographs https://www.timescolonist.com/life/condo-smarts-bylaw-amendments-must-comply-with-strata-act-human-rights-code-5152530 Contact Us
Integrity: Doing the Job Right From the Start
Sadly, Integrity is a word not in common use these days when describing work habits or professional demeanour. Too many companies reward an employee’s ability to get the job done without ever asking how achievements were attained. Many employers don’t really care about the “how” as long as the “done” appears. The ironic thing is […]
Strata Fees – Must You Pay Them?
I don’t know about you, but whenever I’ve been in the market for a new home, my considerations for a Condo or Strata Managed home always include the monthly Strata fee. How much is it? What does it include? Where’s the value? But the key to entering into a Strata agreement as far as fees […]
Reactive vs Planned Maintenance – Cost Savings to Consider
We’ve posted many times about the need for Planned Maintenance in a Strata or Condo complex. What we want to do in this post is demonstrate, in real terms, how planned maintenance should be an obvious choice. The following example uses a building life span of estimated 80 years, with a focus on roof replacement. […]
Expertise Counts – How One Homeowner Saved Money through Expert Advice
Sometimes the best thing to do is to be or get your own expert. While TV shows and movies about the Legal profession portray ‘expertise’ as a competing industry in itself, there’s no doubt that we need someone ‘in the know’ from time to time. The story in the link below says a lot about […]
