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 […]
We are excited to announce that Magnum York has once again been published in the DDC Journal! You can find the full article on page 42 of the Spring 2017 issue of the Magazine. “The Power of Exceptional Service” http://www.ddcjournal.com/issues/spring2017/ Or you can read the article below, all about Magnum York’s attention to customer service, the vendor program, and online portal system. Thanks to DDC for the fantastic write-up. The Power of Exceptional Service Alberta’s Largest Independent Company […]
While it may not need to be expressly stated that condo safety is important, it is something that many people take for granted. It’s easy not to think about what could be going wrong with systems and pieces of equipment that aren’t in plain sight. “Out of sight out of mind” is an apt description for many owners, but not taking an active role in safety can lead to disastrous results. It’s easy to blindly roll along without giving a […]
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 […]
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? […]
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 […]
Having a rental property manager may seem like a luxury, but we believe it’s a necessity. Having a Condo Property manager look after your property can be beneficial in a myriad ways, many of which we’ll be discussing today. A quality property manager not only offers peace of mind but many tangible benefits that will be realized financially and personally. At Magnum York we clearly believe in the benefits of having a property manager, a service we consider ourselves to […]
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 […]
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 […]