Our hearts go out to these Condo owners and board members. Such types of negative surprises, either for new buildings, or older buildings with insufficient reserves, damage the harmony that should be the norm when you live or work in a communal building. In this case the increase might have been unavoidable, but for most condo situations
Articles
The Calm After the Storm?: Don’t Wait Till After the Storm to Reflect on Risk Planning
November 12 – 15, 2021 will go down in this writer’s mind as the dates when he wished he’d built an ark! Many people are in “the same boat” according to the many news sources, mainstream and local, reporting stranded people and vehicles, plumbers run off their feet with busyness, restoration companies that can only
Common Property: Understanding Your Maintenance Responsibilities
Do you live in a Condo/Strata? Do you understand your maintenance obligations? The following article, published November 20, 2021 in the Victoria Times Colonist, answers some of the misunderstandings and confusions associated with Strata/Condo living. Here’s the link: https://www.timescolonist.com/life/condo-smarts-stratas-walkways-driveways-and-backyards-are-common-property-4777055 Contact Us
A Different Reality: Post Disaster Realities and Pre Disaster Risk Preparedness
I love listening to the stories my boss tells regarding building maintenance mishaps. Not mishaps that occur during maintenance, but ones that occur when maintenance was either not completed properly, or someone decided to “take the risk.” But while taking the risk is a decision based on actuarial competence and statistical probabilities, disasters remain aloof,
Predictive Analysis and Your Banker: What Your Banker Wants to See to Approve a Mortgage, and How Predictive Analysis Provides That
A friend told us how they cleaned their home top to bottom to prepare for the Bank inspection for their Mortgage renewal. They wanted to make the best impression to get favourable terms. When you live in a Strata your banker not only looks at the inside of your home, the part you own, but
Predictive Analysis: A Day 1 Necessity
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
Consent Agenda: Making Your Meetings More Efficient
My career of 40 years included one dreaded function that I doubt I’ll ever be sorry is gone – The meeting. Why? Well, we always had to meet as a group thinking that it was necessary before we could accomplish anything worthwhile,
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
