The numbers don’t lie. Condos and HOAs need numbers to understand essential things like profits and losses, as well as more complex issues such as scheduling maintenance repairs for equipment. Numbers provide boards with concrete facts, and help them make informed decisions for their community. Instead of acting on a hunch, they can act on […]

Don’t believe the rumours. Special assessments aren’t just for condo communities. Any covenanted community can have special assessments imposed; this includes gated communities and HOA-governed communities. Click here to download our special assessment letter template What is a special assessment? Why do homeowners cringe when they hear the words “special assessment?” A special assessment is […]

Accounting is a tedious, but crucial responsibility for condo and HOA property managers. Information is power, and management needs to be deeply familiar with the financial health of their properties in order to plan for the present and the future. If you care for a community, you may have to take on this role yourself, […]

Every successful business is supported by healthy cash flow. Though condominium corporations are considered not-for-profit organizations, they still need to generate revenue to operate well. Someone needs to keep track of profits and expenses to ensure there is enough money coming in to maintain the value of the property and ensure its longevity.    Good […]

Condo buildings are complex and intricate, and they require a reliable source of revenue to maintain the structure, repair systems, keep everything clean, cover emergency or unexpected costs, pay staff, etc. Much of this money comes from owners in the form of condo fees. However, on rare occasions, the corporation or association may be hit […]

Property management companies have their own set of special needs and requirements when it comes to accounting. They may have to process thousands of payments from dozens of different communities, document different invoices from multiple vendors, and let’s not even start on the amount of time it takes to organize and file taxes.It’s a lot […]

Furious wildfires are destroying large swathes of California, Oregon, and other parts of the western United States. Dozens of people have died and thousands have been forced from their homes. The US National Interagency Fire Center has reported that firefighters are battling more than 100 large wildfires across the western U.S., with higher-than-normal levels of […]

What a year 2020 has been. Many of us are already looking forward to 2021, hoping that there will be a vaccine to help us move past the COVID-19 pandemic. All of us have struggled in one way or another, but there’s a silver lining. 2020 has pushed us to take better care of each […]

Thinking about investing in software to help you manage your properties? That’s a smart idea. Most property managers who choose to use a software system only regret that they didn’t make the decision sooner. However, selecting the perfect program can be a stressful process. There are a lot of options to consider, and what works […]

Did you know that in 2019, New Jersey was ranked one of the best states to live in? It’s true! New Jersey has a lot to offer, which is why so many residents decide to plant roots in the Garden State. Every community within New Jersey has its own history, attributes and challenges, but all […]

QuickBooks is easy to use; it offers desktop applications as well as cloud-based versions that handle payments, bills, and payroll functions.

Parking, pets, vehicles and storage. These are four issues that can create stress, frustration, and conflict for any condo community. When they become a problem, finding a resolution is generally not a clear or straightforward path, and some owners get to a point where they feel as though litigation is their only option.In Ontario, the […]

A great property manager will help condos and HOAs with some of the most challenging and time-consuming aspects of caring for a property. They can implement better communication systems, help reduce costs and improve the overall enjoyment of the building or development for residents and owners. Some even provide property management software, which streamlines and […]

People who live and work in New York already know how incredible the city is. Everyone is busy all of the time, but there’s just so much to see, do, and enjoy, that no one wants to waste a single minute. If you happen to be a member of a condo board, there’s a good […]

To keep condo garbage chutes from jamming up and breaking down, management and residents need to communicate and work as a team.