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QuickBooks vs. property management software: Which one to choose?

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 […]

HOAs and condos can make pre-authorized debit payments using CCC and Rotessa

Exciting news! We’ve partnered with Rotessa to simplify online payments for condos and HOAs. Through this partnership, we offer residential communities more convenience, and reduce costs for corporations. This new partnership allows residents to make payments from their chequing or savings account while maintaining their current credit option. What is Rotessa?  Rotessa is an online payment processing […]

Using reserve funds: Is now the right time?

Condo corporations are considered not-for-profit organizations. This means they don’t have extra money lying around to pay for things like significant improvements or repairs. They must work with the revenues that they generate from condo fees.Planning for the future is part of good condo management. Some portion of the fees collected from condo owners must […]

Collecting fees electronically

It’s not business as usual for any condo community or HOA right now. Some homeowners have been temporarily laid off because of COVID-19. Wages have been drastically reduced for others. People are struggling to make ends meet. Managers and boards may be asking if they can defer or reduce monthly fees to help ease the […]

What is a condo or homeowners association audit when do you need one

One of the obligations of an HOA/condo corporation is to ensure the fiscal health of the community. This involves doing a review of monthly financial statements and understanding what’s reflected in numbers like incoming and outgoing payments, insurance payments, contracts, reserves and account balances. Most association board members don’t have the expertise required to fully […]

A Condo Association Guide

We’ve put together 9 different condo association guides that cover everything from condo fees, to reaching quorum, to creating a website.

Condo association reserve fund guidelines

If you live in a condominium building or a neighborhood that is run by an association, you’re most likely paying monthly homeowner’s association dues. This amount can differ based on your location and the property itself. That money goes towards maintaining the building infrastructure, servicing costs and the reserve fund. This is a monthly savings […]

How Condo Managers Decrease Costs By Going Green

Condo managers are getting in the black by going green. Green strategies improve property value, decrease operational costs, and improve efficiency. In this article, we provide tips on how to reduce costs of your building by going green.         Consumer Desire for Sustainability The condo market is undergoing a massive shift, with more units being […]

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