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
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 […]
Happy New Year!
Happy New Year! 2022 is finally here, and we all have high hopes for what this year will bring. Of course, high hopes are not what brings change when change is needed. And that’s true in every area of life, including how to address the sticky issues of home ownership, including maintenance, renewal, purchase, repair, […]
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: 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 […]
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 […]
Condo Smarts – Management firm’s record keeping must follow strata act rules – Victoria Times Colonist
Condo Smarts https://www.timescolonist.com/life/condo-smarts-management-firms-record-keeping-must-follow-strata-act-rules-5443526 #stratamanagement #stratahomes #propertymanagement #condolife Image Credit: Copyright: artpilot Contact Us
Financial Planning for your Strata
Our suite of financial planning tools can be used by your Council and Manager to explore the consequences of the financial choices that the owners of a complex would prefer. Some owners want to minimize short term costs and rely on special levies. Other owners prefer to invest a little more now to avoid high […]
Predictive Analysis: A Deeper Look
During the past year we’ve emphasized the importance of reducing costs through regular maintenance of key components of the buildings you call home. A recurring topic has been the services we offer through our Predictive Analysis (PA) report. Today we’ll give a more detailed summary of the PA, and in coming weeks drill down further […]
Disaster Recovery Planning and Predictive Analysis
I spent the majority of my career writing Disaster Recovery Plans (DRP) for Technology divisions of large corporations. (a DRP is a pre-written set of actions to take when a disaster makes your Tech operationsunable to function) The one thing I learned and observed more than any other factor, was that Tech overseers tend to not believe such […]
