Steven Peros
Property Management Trends for the New Year

At this point in the year, it’s likely that you’ve prepared your property or even multiple properties for the winter. As seasoned property managers know, taking preventative measures doesn’t stop when the first snow hits. Regardless of how much time and effort you put into keeping your property in good condition throughout the milder season, there’s always more to do to protect it in the cold months. 

Property Management Trends for the New Year
Steven Peros
Important Winter Maintenance Tips for Property ...

At this point in the year, it’s likely that you’ve prepared your property or even multiple properties for the winter. As seasoned property managers know, taking preventative measures doesn’t stop when the first snow hits. Regardless of how much time and effort you put into keeping your property in good condition throughout the milder season, there’s always more to do to protect it in the cold months. 

Important Winter Maintenance Tips for Property Managers

Reserve Fund Study

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Protecting Condominium Owners Act – Reserve Funds

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This marks another excerpt from the Ontario Governments web-site publications on this new act and what it means. This segment deals with Reserve Funds. To read the entire article, please click on the link at the bottom of this article.

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A Guide to Owning a Condo — The Reserve Fund

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So you have made the decision to purchase a condo, and beyond the traditional excitement and anxiety that comes with any major life change, there are some fundamental aspects that you must understand before signing on the bottom line, specifically the financial condition of the condo corporation, with regard to the reserve fund.

The Condominium Act requires that the corporation maintain a separate fund to be used solely for the purpose of paying for the major repair and replacement of the common elements and assets of the corporation. Depending on the building, this can include exterior wall claddings, roofing, windows, doors, heating and cooling systems, site elements including roads, sewers, even playground equipment.