Condo Property Management

Five tips to protect you from the Coronavirus.

Five tips to protect you from the Coronavirus.

In January 2020, the World Health Organization (WHO) declared the outbreak of a new disease (COVID-19) in Hubei Province, China. Since then, the virus has spread to other countries around the world.  According to WHO, following these five steps will greatly reduce the chances of contracting and/or spreading the virus, and keeping you as healthy as possible

Fire Safety - 7 tips that can save a life

Fire Safety - 7 tips that can save a life

Fire Safety - 7 tips that can save a life

Regularly conducted fire drills are essential to any building’s success when an event occurs. Knowing what to do is essential, as every second counts.

What are the three top communication tools in property management?

What are the three top communication tools in property management?

A famous person once said “The biggest communication problem is we don’t listen to understand, we listen to reply.”

  1. Be Clear.

  2. Be Concise

  3. Be Consistent

Getting clear, timely content in front of your audience on a regular basis is important. Being consistent is the key to keeping your audience engaged. Communicating a few times a year is the fastest way to losing your audience.

Get your message out with the rule of 20. If you can’t read the message in under twenty seconds, you have lost your audience.

Central Erin harnesses several communication platforms to ensure we are hitting the mark.

Monthly newsletters with a calendar of events that span the entire year are made available in printed format, available on-line through corporation specific web sites, and emailed to all owners and residents.

Our secure web-portal provides owners with relevant information and documents such as By-laws, Declaration and Rules, with an intuitive search engine that allows historical searching to occur seamlessly.

Lastly, our Virtual Concierge is an interactive touch screen system that provides building events and real-time RSS feeds for building emergencies. Booking of rooms, amenities, key fobs, etc., is available in real-time. This system is virtual so owners and residents can benefit from all of its features from anywhere there is an internet connection.

Communication redefined.

https://youtu.be/ZxahHvkQjFo

Everything You Need to Know About Condo Reserve Funds

It is mandatory that your condominium collects reserve funds. How much should your director be collecting for the fund? Further, what can those funds be used for? We’ll discuss everything you need to know about condo reserve funds.

Preventing & Addressing Property Maintenance

From time to time, every property needs regular upkeep and repair. When important items are left unattended it'll begin to underperform and lose its functionality, leaving your tenants unhappy and dissatisfied. So how do you prevent maintenance problems in the first place?

New Mortgage Rules: How They Affect Property Investors & The Rental Market

You may be unaware of the recently introduced and much stricter mortgage qualification rules. The Federal government has ordered these new rules in an attempt to begin stabilizing the Canadian real estate market and reduce the amount of debt Canadians (and our financial institutions) are burdened with.

How to Efficiently Market Vacant Properties for Rent

Time is a precious resource in property management, especially when you have a vacant property on your hands. You want to make sure to market your properties as efficiently as you can, generating top-quality leads to fill the spot quickly. Here’s how…

Social Media as a Property Management Tool

Social media is more than just an app on your phone or a way to stay in touch with friends and family, it is a powerful business tool. Property management as an industry has been around for a long time. To be successful you can’t just adapt, you have to lead the way. Today, that means embracing social media as a property management tool.

How To Solve Difficult Problems with Tenants

No matter how great a judge of character you are or how thorough you are when screening lease candidates, a landlord is bound to run across at least one bad tenant in their time. The best way to pursue any issue is with a calm demeanour, stay within legal parameters and get professional help if you need it.

Legalized Marijuana & Ontario Landlords

Many landlords are worried about the adverse effects this legislation may have on condo laws and rental units. Not only are landlords worried about their tenants smoking marijuana more frequently and openly, they are also worried about the possibility of tenants growing it in their homes. To navigate these changes, it is important to truly understand them.
 

Tenant Surveys: Why They’re Important

Property management can be a demanding and stressful field of work. Tenants have high expectations and a diverse array of wants and needs. Using tenant surveys is an extremely valuable property management tool to gain feedback and more accurately gauge the needs and wants of your tenants.

Are You Ready For 2018’s New Condo Rules?

From reflections of years past to new goals and ultimately, resolutions for improvement as we begin another New Year we are faced with change. The world of property management is certainly no exception, which is why the Condominium Authority of Ontario (CAO) has introduced new condo rules that have taken effect in 2018.

Rental Property 101: Who’s Responsible for Snow Removal?

When winter arrives, it can come aggressively and unexpectedly. Winter weather is unpredictable and snowfall is often heavy. If you are renting a place you may feel relieved you don’t have to deal with shovelling snow or salting walkways to maintain your property. But are you sure your property management company is responsible for snow removal?

Top 5 Tenant Complaints & How to Handle Them

Property management is about balancing the needs of different stakeholders. Tenants are a member of this agreement, and as property managers, it is your responsibility to make sure their needs are met thoroughly and efficiently.

Top Tips For Condo Board Members

Top Tips For Condo Board Members

Condo board members hold a lot of property management responsibility. They play a large role in ensuring that their residents enjoy a great lifestyle by providing effective leadership, guaranteeing financial stability and fostering a sense of community. These helpful tips for condominium board members will help your board take on all responsibility without feeling overwhelmed or stressed.

Condo Replacement Reserves: How to Budget Preventative Maintenance

Some people believe you should only fix a problem when there is one. But, this type of thinking often creates more difficulties and challenges when issues are compounded over time. It’s better to build up the motivation and be  proactive by investing in preventative maintenance for your condominium. Creating a budget for preventative maintenance will save your team time, money and stress in the long run.