What No One Tells You About Condo Insurance-4843

What No One Tells You About Condo Insurance

Insurance is one of those things that most people take for granted. As long as we know it’s there then it is bound to save whatever it is that we are paying for. This, in part, is true, but it’s not the whole story. Having comprehensive insurance is an extremely important aspect of owning a condo, renting a condo, or owning multiple condos or even a building. Knowing what that insurance includes, and perhaps more importantly, what it doesn’t will […]

No vacancy no more, live at a Magnum York Property-4825

No vacancy no more, live at a Magnum York Property

There’s a certain comfort that comes with living at or owning a property that is managed properly and professionally. At Magnum York, we do all the little things that offer peace of mind to those living in the buildings we manage. It’s something that’s easy to say; something that’s easy to pay lip service to, but we back up these claims in a variety of ways. Feature Vacancy Properties We thought it would be best to discuss a few of […]

Kick Ass Condo Docs from Magnum York-4831

Kick Ass Condo Docs from Magnum York

 Condo Docs from Magnum York Having the condo documents you need on hand at all times isn’t something that’s always realistic, and when you don’t have them and need them in a pinch the situation only becomes more difficult. At Magnum York, however, we’ve taken the necessary steps to avoid this unfortunate situation ever coming to pass by using a site called CondoPapers. Document Portal Built for you What CondoPapers does is simple, yet extremely reliable and necessary for all […]

5 Useful Questions to Create a Powerful Board Budget-4828

5 Useful Questions to Create a Powerful Board Budget

Prioritizing a Condo Board Budget When sitting down to compose a board budget with your fellow members, it’s important to have an idea of what needs to be accomplished on a more granular level. Obviously, everyone wants a healthy budget and to not waste money but how does this actually get accomplished? There are so many questions that need to be asked and answered, but how do we prioritize them and ensure we’re taking care of the biggest issues first? […]

6 Trends you Need to Know About the Alberta Condominium Industry-4832

6 Trends you Need to Know About the Alberta Condominium Industry

With an economy in a relative state of flux, Alberta is a different place than it was 10-15 years ago. Now, despite what you may hear, it’s not all bad. There are plenty of interesting things still happening and plenty more interesting things happening in the Alberta Condominium Industry. As such, we thought it would be important to cover what’s happening in the real estate market and how it relates to condo prices and their place in said market. Keeping […]

If You Read One Article About Condo Bylaws Read this One-4830

If You Read One Article About Condo Bylaws Read this One

Ever wondered how Magnum York helps your Condominium Board deal with Condo Bylaws? Magnum York helps the board Assist the Board in its By-law review and recommending possible changes Assist in obtaining legal advice for any by-law changes Assist in obtaining owner compliance with by-laws, rules and regulations in accordance with the by-laws. Assist in setting policies in accordance with by-laws In addition to the above, we take a detailed approach to a variety of issues that may come up in […]

Essential Steps for a Successful Condo Board Vote-4834

Essential Steps for a Successful Condo Board Vote

There comes a time during a meeting when a condo board vote needs to happen. Typically, these are mundane matters that attendees tend to agree on en masse. Every now and then, however, something substantial comes up for a vote and there doesn’t seem to be a general consensus in the room. When it comes to spending large amounts of the reserve fund, or perhaps, money out of the wallets it’s important to have an idea of how things are […]

Condo Terms You Need to Know from Magnum York-4829

Condo Terms You Need to Know from Magnum York

Every condo owner knows that there are a few important things to keep in mind when purchasing or managing their property. There are a lot of condo terms thrown around that are related to ownership and management that don’t mean a whole lot to most people. There are also a number of words thrown around that do mean something and should be paid closer attention to. Today we thought we would discuss some of those buzzwords and why they should […]

4 Risks Condominium Boards are Exposed To-4523

4 Risks Condominium Boards are Exposed To

Dealing with a condo board can be hard. Being a part of a condo board and trying to please everyone involved can be even harder. There are always issues looming just over the horizon, some of them with potential to do serious damage to your condo and the wallets of the owners. We thought it would be best to bring some of those issues to light so you can spot any potential red flags before they become something worse. We […]

3 Ways To Make Condo Board Meetings Better-4513

3 Ways To Make Condo Board Meetings Better

How do You Make Condo Board Meetings Better? Condo board meetings can often be fraught with indecision, discord, and a total lack of organization. These factors often lead to painful processes where very little, if anything, ever gets done. As an owner of a property you want to know that things are getting taken care of and that people aren’t spending your money unnecessarily.  We have witnessed these meetings first hand and thought we would be able to shed a […]