Let’s say you and your condo board are doing pretty well. You meet regularly and communicate decisions effectively. Your finances are on the up-and-up, and your building doesn’t seem to be falling apart. Things are… good. But maybe thoughts of a flooded parking garage keep you up at night. Or the windows and doors are starting to show their age, or owners are feeling strained by an unexpected special assessment . Maybe things are good now, but a […]
In fall of 2016, the City of Calgary announced the implementation of an expanded recycling bylaw which will affect all multi-family residences. This bylaw will require properties to have both recycling programs, as well as green bins for compostable organics collection systems as part of the waste collection infrastructure. With the rollout of this new mandate, there is going to be a significant increase in landfill tipping fees associated with garbage removal, making it even more important to get an […]
Magnum York Building Management Hiring a property manager is an extremely important decision. Having the right person overlooking the day to day operations of your property and building should be able to ease the stress that comes along with managing a Condominium Corporation, especially with all the specific rules and laws you need to be aware of on a day to day. This article will help when you are looking to hire condo property managers. It’s easy to send out […]
Condominium boards play a very important role in maintaining the standards and operations in communities. For an efficient management of the communities they belong to, the board members need to operate as a unitary group. But when individuals with diverse backgrounds, experiences, personalities, perspectives, beliefs and sets of skills work together, disagreements inevitably arise. Depending on how differences are managed, they can morph either into constructive debates or disruptive conflicts. Since disruptive divergences can damage relationships, and lead to division […]
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 […]
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 […]
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? […]
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 […]
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 […]
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 […]