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Condominiums

 Operation Management: (top)

Maintenance:
 
  • Development of preventive maintenance programs.
     
  • Planning for building appreciation.
     
  • Planning and monitoring of maintenance and renovation projects.
     
  • Daily maintenance.
     
  • Weekly physical inspection.
     
  • Solicitation of bids and negotiation of contracts for minor projects.
     
  • Analysis of bids for major projects, with outside consultants necessary.
     
  • 24-hour availability for emergencies.
     
Service Contracts:
 
  • Contracts negotiation.
     
  • Supervision and follow-up services.
     
Personnel :
 
  • Hiring.
     
  • Training.
     
  • Daily follow-up.
     
  • Salary negotiation.
     
  • Weekly evaluation.
     
  • Dismissal and replacement of personnel.
     

Administration Management : (top)

General administration :
 
  • Relationship with co-owner's.
     
  • Preparation of material and documentation for joint meetings.
     
  • Follow-up on the execution of the co-owner's instructions and/or policies.
     
Computerized services :
 
  • Management of common fees.
     
  • Bookkeeping.
     
  • Budget preparation.
     
  • Accounts receivable and payroll.
     
  • Interim financial statements.
     
Insurances :
 
  • Negotiation of terms and conditions of premium at maturity.
     
  • Payment of premiums.
     

Others services * :
 
  • Mortgage negotiations for renewals.
     
  • Search for new mortgage financing.
     

Financial Resources Management : (top)

Operating Budget :
 
  • Discussions with co-owner's.
     
  • Follow-up and joint meetings.
     
Budget for major projects :
 
  • Discussion with and approval by the co-owner's.
     
Capital budget :
 
  • Analysis of major expenses for the upgrading of the property.
     
  • Negotiations with creditors if additional financing is required.
     
Monthly Stewardship Report :
 
  • Operating statement.
     
  • Accounts payable.
     
  • Rents receivable.
     
  • Progress report on major projects.
     
Cash Management :
 
  • Bank reconciliation.
     
  • Authorization and signature of cheques.
     
  • Payment of invoices.
     
  • Payroll.
     
  • Collection of common fees.
     
  • Dealing with creditors.
     
  • Payment and control.
     
    • * Extra services available, on request.