Accounts payable (AP) is often seen as an annoyance, contributing an endless stream of tasks to your to-do list. However, done right, AP can be a strength and competitive differentiator for management companies. A strong AP function is a boon to your relationships with boards and vendors.
Read StoryWhat is the makeup of a great or even best property manager? What do these individuals have in common? In this post, we explore some common traits inherent in the best condo managers.
Read StoryIn this post, we explore the reasons why there have been a shortage of professional condo property managers and its impact on the industry as a whole.
Read StoryHow does a boom in condo prices affect the condo management business? We explore the current red hot condo market's impact on the condo managers in this post.
Read StoryMore and more condos have also begun taking measures to re-open their gyms. But how gyms in condos take the necessary precautions to ensure that it is a safe environment for its residents? We explore several ways to property managers and boards can do that.
Read StoryIt is up to each co-owner to be attentive to the signals sent by the financial statements. Here's what to watch for.
Read StoryIn the case of starting a condo management business specifically, there are additional considerations that the entrepreneur needs to factor in to ensure the business starts up as smoothly as possible. We explore some items that must be included in any checklist when starting a condo management business.
Read StoryStaying in a small condo unit in isolation has brought about a lifestyle adjustment for many. Here are some of them.
Read StoryThe challenge of safely easing restrictions and ensuring proactive measures is a challenge that is shared by property managers and boards in condos. Most notably, common areas and amenities will be a focus as the world attempts to get back to normalcy.
Read StoryIn this post, we examine some of the aspects of condos that have been directly affected by the economic crisis brought upon by the pandemic.
Read StoryIn this entry, we take a look at how a more specific aspect of managing a condo may become forever altered. With social distancing becoming the norm and with in-person contact greatly minimized going forward, we explore how payments to vendors and suppliers will change.
Read StoryIn this post, we explore 5 ways for property managers to be successful while working from home.
Read StoryThe most prevailing question in the condo industry has been: what duties and obligations do corporations, board members, property managers and residents have with respect to containing the spread of the virus? We explore this unique situation in this post.
Read StoryIn this post, we explore the steps to take by a property manager and/or a board member to communicate and address a rules violations by a resident.
Read StoryIn this article, we explore the 4 things to consider to optimally manage amenities and shared facilities in a condo.
Read StoryOne of the most important responsibilities of a property manager of condos is to address service requests/work orders submitted by residents. The first step is to recognize what the common service requests are. We present to you four of the most common requests.
Read StoryWith so much happening and so many people involved, it is often easy to stumble and make a mistake here and there. While we're all human and mistakes do happen, there are certain faux pas that should be avoided for a property manager to maintain standing as a good one. Here are 6 of the most common faux pas for condo managers to avoid.
Read StoryAt Condo Manager, we've had the opportunity to work with thousands of property managers during over 25 years working with condo management companies. In this journey, we have detected patterns in the property managers deemed exceptional and we're here to break down the 7 qualities that make a property manager superior.
Read StoryAnyone that has experience in condo management will tell you that it is a complex job and it goes far beyond merely financials. When it comes to overseeing an entire community, it is of paramount importance to have a system in place that have some key functions in place. Here are six reasons why you're best served by using a condo management software.
Read StorySuccessfully handling scale in property management of condos and HOAs has not traditionally been one of the more talked about topics. With that, we give you three factors to be mindful of as you ramp up on growth.
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