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 […]

Top 5 Resources Your Condo Board Needs Now-4483

Top 5 Resources Your Condo Board Needs Now

Condo Board Tools you can Actually Use Informative, timely, and effective communication is the bedrock of any successful condominium association.  Those who fail to maintain this productive communication between the board, members, and their management team do so at their own peril. Period. Timely, relevant, and efficient communication serves to foster a sense of involvement for the members and a connection to the board and their decisions.  That means confidence.  Projects are organized and executed smoothly, team members participate effectively, […]

Magnum York is Now on the Radio in Calgary!-4465

Magnum York is Now on the Radio in Calgary!

Radio Showcase “Ask the Expert” Series Magnum York Property Management was featured in our last blog post for our spot on Breakfast Television. We are now excited to showcase some audio pieces that have aired on local Calgary radio stations Jack 96.9 FM and 660 AM News Radio. In the first audio segment, Peter Best tells us why condo associations and condominium owners should care about Bill 9. The relatively new property amendment act gives Alberta consumers more protection, let’s listen in and hear […]

Fiscal Planning Best Practices for Condo Boards-4077

Fiscal Planning Best Practices for Condo Boards

Condominium Fiscal Planning Like any successful corporation, condo boards in the Alberta area need to perform extensive fiscal planning; it’s always better to plan than to react. If you employ best practices, this process will go easier and smoothly. So where to begin when planning best practices for condo boards? You should start by analyzing the previous year’s budget and what your current monthly statements reflect, do you have surplus or a deficit for this current month? The next step is […]

Be on the Same Page: Communicate Perfect Condo Goals-3945

Be on the Same Page: Communicate Perfect Condo Goals

As with any corporate meeting, your condo board meeting should be where members accomplish meaningful tasks through effective decision making. So how do you Communicate Perfect Condo Goals? Your board meeting will best serve that function when everyone keeps these purposes in mind: Know your responsibilities as a board member; what is the board responsible for overseeing/implementing/enforcing/resolving? Understanding primary concerns and issues Avoid conflicts of interest and understand the liability involved Be familiar with the corporations bylaws; Specifically sections on Board & Owner responsibilities, as well […]

Condo Board Vendors – What you Need to Know-3828

Condo Board Vendors – What you Need to Know

Since 1991, Magnum York has provided highly effective, professional real estate management services and rental property solutions to our clients throughout Alberta, with offices in Calgary, Red Deer, Olds, Fort McMurray and Edmonton. With properties worth in excess of two billion dollars under current management, our decades-long experience and proven Condo Management Programs have allowed Magnum York to become the Province’s largest independent property management firm.   So Much To Do When Managing Properties Effective condominium management requires consistent attention to detail […]

The Most Efficient Condo Boards of All Time Do This-3823

The Most Efficient Condo Boards of All Time Do This

A condominium is a community and, like all communities, some are run more smoothly and efficiently than others, and each is unique within itself. A condo is also a corporation and, like other corporations, is governed by a Board of Directors according to the corporation’s by-laws. In the case of condominiums here in Canada, governance is also required to conform to applicable provincial legislation. Proper property management can be an important factor in the ongoing health of a condo community, […]

Smart Decision Making: Five Tips for Condo Boards-3815

Smart Decision Making: Five Tips for Condo Boards

  It takes a unique individual to serve on the condo board. The kind of person who cares about the world around them and is willing to shoulder responsibility to make life better, not just for themselves, but for others as well. Along with the responsibilities comes the increased knowledge and ability to be proactive about making needed changes rather than just complaining. The following tips can help any board member regardless of their condo association size or how long […]