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 […]
Property Management
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, […]
Peace of Mind Part 3: What is Strata’s Plan to Prevent Negative Surprises That Can Steal Peace of Mind?
What is your Strata’s plan to prevent negative surprises that will steal peace of mind? Based on our 2 previous posts on this topic, we know we need to understand, as a path towards peace of mind with your home, the true condition of your Strata/Condo. We also have a better idea as to why […]
Peace of Mind Part 4: What is Strata’s Plan to Protect & Enhance the Value of Your Home?
Over the past month we’ve outlined 4 questions you should answer when assessing your Strata/Condo property. Simply put, knowing the answers to these questions will give you the peace of mind needed to get a better night’s sleep. Or put another way, there are lots of things in life that will rob you of your […]
You May Outlive Your Strata, But Not By Much: Maintaining Building Good Health
Our experience helping strata protect the value of their buildings shows that residential multi-units tend to have a much longer life expectancy than other types of buildings, about the same lifespan as humans. This similar longevity invites an interesting comparison between humans and buildings. It helps to start with good genes, a quality construction and […]
Avoiding Negative Surprises: Out of Control Condo Fee Increases Can Be Avoided
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 […]
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
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,
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 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 […]
