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Condominium Culture and What You’re Buying Into

September 17, 2023/in Uncategorized
Canadian condos. CCI grand river. Canadian condominium institute. Condo culture. Condo managers. Property managers. Unit owners. Condo owners.

Did you ever think you would grow up and buy a condominium unit? I am sure there are people who never thought of this. Your condominium is your home. Condominium living has pros and cons. On the positive side, it generally provides maintenance-free living and security. This comes with the price of maintenance fees. On the less positive side, you need to understand that you have close neighbours, you will have to deal with some noise, and you have limitations on what you can change.

The condominium community is its own municipal-type environment. You have a declaration which comes with rules. You have elected officials as your board of directors. You are living in a community within a community. When everyone gets along, it can be utopia. When conflict occurs, it can be a tiresome way to live.

I think it is important that you are informed before you purchase a condominium unit. The following is a list of tips and questions you can use before you purchase:

  • Work with a real estate agent who specializes in condominium properties.
  • Once you have seen a unit you like, make sure you walk and look around the entire building or property. You are buying into the entire package.
  • Ask yourself, “Does the building, buildings, townhouse, and/or property look maintained?” If the grass is not cut, the paint is flaking off, and the general appearance is not great, then this is a clue that maybe the community is struggling with money or not charging enough for maintenance fees.
  • Is the condominium professionally managed or self-managed?
  • If professionally managed, then talk to the property manager. Ask if there are any planned special assessments or major projects in the upcoming years. If yes, then ask how these will be funded. You do not want to have a surprise with increased maintenance fees.
  • If self-managed, talk to one of the board members. Ask the same questions above. Also, ask how the board members get along. In a self-managed situation, you want a board that cooperates and gets things done.
  • Order a status certificate (with the help of your real estate agent) and review it with your lawyer who is familiar with purchasing condominium units. The status certificate is your insight into the health and status of the condominium as a whole.
  • Make sure you understand what common elements are. As a unit owner you will be responsible for the upkeep of what you own, and the common elements will be the responsibility of the condominium corporation.
  • Complete an inspection. Whether you use an engineer or home inspector, make sure they have experience with condominiums. There is more to inspect and understand in terms of the overall community than just your particular unit.
  • Get educated! CCI-GR is the place to start. Get informed about condominium life either before you purchase or once you move in.
Condominium culture. CCI Grand River. Condominium managers. Property managers. Condominium industry.

To new and first-time buyers, the thought of joining a condominium community can sound overwhelming. However, with more exposure and education, many learn and can experience the perks of being a part of a community that takes care of each other and looks out for the best interest of the group. 

Once you have found a condominium corporation you are interested in investing in, do your research. Be candid with your real estate agent. Talk to the condominium management company. You may even want to look into attending a few CCI Grand River Chapter events as a non-member to get an inside scoop of what the community really looks like and the resources available to the community. 

Follow CCI Grand River Chapter on social media to stay up to date on any event or course that you may be interested in. You never know, you could be a condominium owner someday.

Henry Jansen, P.Eng., ACCI
President, Criterium – Jansen Engineers

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Vacations and Your Condominium

September 17, 2023/in Uncategorized
Vacationing. Condo owner. Unit owner. Property managers. Condo managers. Condo administration.

With July just around the corner, and the end of the school year finally making its way through Ontario, many will be looking to pack their bags and go for a change of scenery. 

Whether it be a town over for a quick weekend getaway, or a plane ride to a whole new time zone, there’s much to consider when leaving your condominium for any length of time. 

It is murphy’s law that whatever can go wrong, will go wrong. So, why not do everything you can to make sure it doesn’t? As a unit owner, and as a member of your condominium community, there are a few extra steps to take to ensure that while you’re enjoying some well-earned R&R, your unit stays safe, secure, and in tip-top condition. 

Notify your condominium manager.

Condo manager. Property Manager.

The first thing you’ll want to do once you’ve settled your departure details, is to inform your condo manager and administrator that you will be away from your unit. This type of notice will allow your condominium management company to be aware of the people trying to access your unit while you’re away. Will you be arranging to have a cleaning crew come in? Someone to water your plants? What about a pet that will need someone to come take care of them? Help keep your community and unit secure by alerting the appropriate channels. Leave your contact information with your manager in case there comes a situation where you need to be contacted. 

Lock all doors and windows. 

In the event that you won’t be using a cleaning crew, or pet/plant sitter, you’ll want to make sure your unit is locked and secure. Check all your windows and close your blinds. Make sure to check any point of entry is secured and locked. Consider taking photos around your unit to compare against your return. Not only will this help protect your unit from unwanted visitors, but also ensure there won’t be unnecessary damage from rain coming through the windows.

Unplug your appliances.

Unplug appliances during your absence.

Go around your unit and unplug all appliances that don’t need to be running (like your refrigerator). This will help protect your unit from sudden power surges or from complications of any storm that may happen during your absence. 

Check all your faucets. 

Make sure all your sinks and washrooms are in good working condition. Check your taps to ensure there are no drips that could turn into anything disastrous. Have you been noticing any odd noises coming from your toilet? Get that checked before you leave. No one wants to come home to a flooded toilet, and a downstairs neighbour with a wet ceiling. 

Communicate your parking needs.

Will you be leaving your car behind? Double-check that your car is locked and secured. Will you be taking your car with you? Communicate with management that your spot will be empty during your vacation, so that they can be on the lookout for any opportunist that may take advantage of your parking space during your absence. 

Talk to condo administration about your vacation.

For any planned, or unplanned absences, your condominium manager will be your best friend. Communicating with them ahead of time will help alleviate the stress of leaving your unit. Remember, contacting your condominium manager goes both ways. If while you’re away you feel that you may have left the oven on, or your straightener plugged in, contact your manager and give permission to make sure your home is still in the condition you left it in, and will be in the same condition when you come back home. 

After all, you deserve this vacation. Your condominium community can help ensure that your vacation ends on a high. 

And not a repair invoice. 

Conference Sponsorship, annual conference, annual golf tournament, Grand River Chapter, Canadian Condominium Institute, Become a Member | CCI-GRC

Maggie Matian
Marketing Manager for CCI Grand River

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How to Keep Your Board Members Happy

September 17, 2023/in Uncategorized

A condominium’s Board of Directors play a significant and immeasurable role in the daily governance of a condominium corporation in Ontario. Board members are not only responsible for ensuring the corporation is well managed on behalf of all owners and residents, they are also responsible for ensuring that the corporation’s financial assets are secured and well managed. 

Board of directors. Condominium board of directors. CCI Grand River.

Understanding that this volunteer role is not one to take lightly, how can we as owners, managers, professionals, residents, and fellow board members help in keeping board members happy in their roles? 

Understanding the common goal. 

There are always several projects and many moving parts for any condominium. From repairs to upkeep, making sure everyone is aligned with the priority task list will relieve unnecessary stress from any single member. Attending all appropriate meetings and keeping up with the communication will definitely help shave some group tension.

Communication. Communication. Communication. 

It should go without saying, but we’ll say it anyway! Communication is key. Are you a board member who feels that one task should be brought up on the priority list? Bring it up at the next board meeting. Are you an owner that is unsure of the next step in a repair process? Reach out! It’s amazing how many of our problems can be solved if we keep an open dialogue with each other. The resources are there for a reason, don’t be afraid to use them!

Knowing that Boards of Directors are vital to the industry.

Your condominium’s Board of Directors are vital to your condominium’s corporation. Boards consist of volunteers with different work and life experience and therefore offer unique perspectives when tackling concerns and listening to owners and residents. Respecting the different views of each other and listening can lead your condominium to new and creative solutions. And hey, it may even save you money!

Compassion and support.

CCI Grand River. Board member. Board of directors. Condominium board. Condo board.

Now that we understand the priority list, are great at communication, and know that a Board of Directors plays a significant role in a condominium corporation, the last aspect to consider when trying to keep your board happy is: compassion and support. 

Your Board of Directors are human, after all. Being courteous with each other will lend a huge helping hand in keeping a better community. 

Being a Board member means wanting to make a difference in your community. It’s a lot easier to make a difference when you feel respected and heard. Being an active part of your community and listening to the concerns of your corporation can help your board check tasks off their lists and continue ensuring you are living your best condo life. 

Reach out to your condominium board today to see how you can support your community.

Conference Sponsorship, annual conference, annual golf tournament, Grand River Chapter, Canadian Condominium Institute, Become a Member | CCI-GRC

Maggie Matian
Marketing Manager for CCI Grand River

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Condo Chameleons- What does a Property Manager even do?

September 17, 2023/in Uncategorized

“What do you do for a living?” – the hardest question ever asked to a condominium manager.

Condominium managers. Property manager. CCI. CCI Grand River.

When I first started to write this, I thought about what it is to be a condominium manager, and how hard the job is to explain to people at dinner parties. Remember dinner parties?

Most little boys and girls don’t answer “property manager” when asked what they hope to be when they grow up; it seems to be a profession that just finds us, often as a second or third career.  Condominiums are unique communities (sometimes a bit too unique) that require managers to wear many hats, and none are a one-size-fits-all. A good manager is a chameleon, if that chameleon also happens to be extremely patient, an efficient communicator and great at multi-tasking.

Condominium managers. Property manager. CCI. CCI Grand River.

What is the hardest part of all that?

On the surface, the dabbling into law, building maintenance, employees, finance, HR, all the while being on-call for your buildings is a little snapshot. Getting a 2 a.m. call that there is a major flood, a fire, or visitors parking is full (everyone defines emergency differently) is never a fun experience so we are grateful when the stars align, and the phone is quiet. Having to be on the receiving end of extremely difficult phone-calls and meetings is likely one of the hardest parts of the business. No one likes to be berated for doing their job, and luckily most people are polite, but expectations are sometimes out of whack, even from the condominium Board. There are the residents that blame us for increasing condo fees (even though buildings do in fact need funds to function) and enforcing rules (we would like to spend our time doing things other than reminding residents that Christmas in June is not a thing, so those lights should come down).

So, you sit at a desk all day?

Condominium managers. Property manager. CCI. CCI Grand River.

Every day something unexpected pops up, and we often are heard saying “that is a new one”. You have never “heard everything” in property management; situations will make you scratch your head, ponder if drinking on the job is acceptable and praying you do not accidently hit “send” on that draft email. On the positive side, every day brings a new learning experience, and nothing is ever dull. You must be familiar with your site(s) and even that role varies; some property managers have an office in their one building whereas others look after more smaller properties. To answer your imaginary question, we do not sit at our desk all day, even though that would be easy to do as we get more mail than Santa Claus.

You mentioned a Board…

Condominium managers. Property manager. CCI. CCI Grand River. Board of directors.

The Board of Directors, whom we take direction from and report to, are a bag of mixed candies; some are sweet, some are sour, and some explode upon contact (pop-rocks style). They come from all walks of life, educations, and backgrounds, from students to former CEOs of multi-million-dollar companies. Sometimes it is just a husband and wife, and if they cannot find a babysitter, their child may come along as an observer. These Directors can change at any time, and so you must quickly adjust to the new random mix of personalities that get thrown at you at the drop of a hat. Some Boards are very casual and would make a sailor blush with their language. Other are very formal, and you feel the need to change into your good shirt or tie during the Zoom call and review Roberts Rules of Order before the meeting. Loyalty and trust-building can be difficult since a newly elected Board may wish to clean house and get a new management company, despite years of a strong working relationship. I personally like the adage “managers manage, directors direct” and when there is a stream-lined process in place, a condo should run like a well-oiled machine (that is, until there are not enough funds in the reserve account to operate said machine).

So, you are like a real estate agent that does superintendent work?

Condominium managers. Property manager. CCI. CCI Grand River.

Are you even listening? Where was I…the Board are the folks that hire us property managers, and as I mentioned, these people range in not just their working backgrounds, but in the type of Director they are. Some must have been military sergeants in their past lives while others are silent ghosts who disappear if you look at them too closely. Luckily for the most part, directors are there to ensure that their investment, as well as all the other owners, is being well looked after. Clear communication goes a long way in working hand and hand with the Board, and it is extremely satisfying when that major project gets completed, or you come to the end of dealing with a difficult situation together.

I still don’t get it.

Condominium managers. Property manager. CCI. CCI Grand River.

That is okay. A lot of condo home-owners do not really understand either. We are often seen as the “bad guys” who tell them their adorable family dog is not permitted, that their cigar habit is a nuisance to neighbours, or their four vehicles have nowhere to go. You can just imagine how well it goes being the provider of such good news and deflating the excited energy of someone who just purchased a new property. The CAO and ACMO provide so much helpful information on their websites, and we can only hope that those in the market for condos (which grows daily) educate themselves before purchase.

So you enjoy it?

Condominium managers. Property manager. CCI. CCI Grand River.

Despite kindergarteners not putting “condominium manager” up there on their career wish list along with astronauts, hockey players and rock-stars, it is an extremely important job that deserves more attention. There have been many articles written about the manager shortage crisis in Ontario, and hopefully more people are attracted to the profession that never gets boring. There are always interesting people to meet and connect with, and new and exciting things to learn. It also feels great to get so much accomplished for people’s homes, so go thank your property manager today! 

Sara Hicks, B.A.,(H.), OLCM, RCM, LCCI. MF Property Management. Vice President. Owner.


Sara Hicks, B.A.,(H.), OLCM, RCM, LCCI
Vice President, Owner, MF Property Management

www.mfproperty.ca

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Do Dryers and Other Home Exhaust Vents Pose a Health and Safety Risk?

September 17, 2023/in Uncategorized

Wiarton Willie told us that spring was going to come early. For birds migrating back to Ontario, this means one thing, it is time to find a nesting place. 

CCI Grand River. Home Exhaust Vents. Nesting. Condo tips. Condo safety.

As we all know eager nesters seek refuge for their soon-to-come hatchings in safe, sheltered areas. Dryer vent caps, stove exhausts, and air exchange vents are ideal locations because they are warm and sheltered from predators. A faulty or damaged vent cap or missing louvers can increase the odds you will have a new family member. 

As birds begin building nests, they pull nesting debris back up in vent lines clogging the exhaust’s path. Clogged lines for dryers can cause lint to build up back in the system and eventually into the dryer itself, potentially leading to a FIRE HAZARD. 

Not only can it pose a fire risk, but partially clogged dryer vents can also result in excess energy usage. Noting, the average load of laundry will exhaust 1.5 to 2.2 liters of water before its drying cycle is complete. Inefficiencies can drive monthly utility expenses up an additional $25 to $35 per month. 

Bees nest. Condo safety. Fire safety. CCI Grand River.

If you have been noticing moldy smells coming from the dryer, bathroom or stovetop exhausts chances are the root cause could be clogging in the line. As birds and rodents nest, inherently, they also continually deposit their droppings in the vent line causing unpleasant odors and health issues. Potentially leading to the infestation of mites. 

Though exhaust can pose a health and safety risk, it’s extremely important to acknowledge it is preventable and issues can be addressed relatively inexpensively. Having exterior vent caps and exhaust vent lines professionally inspected, repaired, or cleaned regularly can prevent these potential risks. It’s key to restore optimal velocity in airflow, ensure integrity in the exhaust structure, and the proper operation of exterior vent caps.

As the spring season continues to evolve, consider investing in the maintenance and optimal performance of exhaust venting. A couple of simple tips for Property Mangers to check off their maintenance list: 

Lint from ventilation. CCI Grand River
  1. Walk the property site completing a visual inspection of the exterior vent caps. Looking for nesting debris in the caps and/or damaged caps, missing flaps.
  2. Speak to each board member individually to ask about their individual dryers’ drying time. It should be less than 55 minutes on a regular load free of moldy smells or overheating.
  3. Review the property’s dryer vent line maintenance cleaning plan. When was the last execution date and what was the plan? Noting the Ontario Fire Marshall’s office recommends annual cleaning for everyone.
  4. Be proactive. A simple inspection and diagnosis from a trained professional could save owners money and KEEP them SAFE! 

Together, Let’s Get the Lint Out.

Patrick Stradiotto. Dryer Vent Wizard. Fire Safety. Condo Safety. CCI Grand River.

Patrick Stradiotto, Owner
Dryer Vent Wizard

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Provincial Election Background Information 2022

September 17, 2023/in Uncategorized

Questions

* Please refer to the attached ‘Background Information’ document for more information in relation to each question set out below.

1.        Condominium Act Amendments

Does your party have a plan regarding moving forward to prepare the necessary regulations and to proclaim the outstanding but important amendments to the Condominium Act? 

2.        Green Energy

Does your party have a plan to assist condominiums to migrate to green energy? If so, what incentive(s) would your party offer to condominiums to facilitate the move to green energy? Is your party prepared to have the government pay for a portion of installation costs, or offer other financial incentives? Would incentives offered to homeowners (in the more traditional sense of houses/townhouses) be extended wherever possible to condominium owners?

3.        Mandatory Inspection of High-Risk Buildings

In light of the structural collapse of the condominium in Surfside, and the Elliot Lake Mall collapse, would your government implement any form of mandatory structural inspections of high-risk buildings? 

4.        Affordable Housing

It is convenient to make arrangements with the developers to build these public features in exchange for increased density or other benefits to the developer but ultimately the cost and effort of overseeing them falls to the volunteer board at the affected condominium. What efforts will you or your party make to balance protecting the interests of the future condominium corporations while also seeking to provide affordable housing?

By virtue of their structure, condominiums have a positive impact on increased densification of urban areas versus single family homes. Condominiums contribute to achieving goals set out in Places to Grow legislation. In view of this, what is your party prepared to do to encourage condominium ownership? Is your party prepared to offer incentives to buyers of new and/or resale condominium properties? Logic says that incentives paid to developers would not energize the market in the same way as incentives paid to purchasers.  

5.        Construction Matters

What would you be doing to limit the complexity of condominiums to something that can reasonably be overseen by a volunteer board?

6.        Insurance

What would your party propose to assist condominium owners in having access to reasonably priced property insurance with reasonable deductibles?

7.        Tarion

Will your government be taking steps to monitor the recent changes to Tarion and the HRCA to ensure that they achieve their consumer protection goals. Do you have further plans to modify warranty coverage for Ontario condominiums?

8.        Condominium Managers 

Would your government take steps through the Ministry of Labour, Training and Skills Development to encourage growth in the condominium management industry by encouraging students to see management as a career path, and if so what would those steps include?

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Education, Information, Awareness, Canadian Condominium Institute, Southwestern Ontario, Condo owners, Golf Tournament, conference 2022

An Introduction to Canadian Condominium Institute: Opportunities and Benefits

September 17, 2023/in Uncategorized

We kick off the first episode with Brad Wells, President of Wilson Blanchard Property Management and Vice President of CCI Grand River chapter, and Michelle Kelly, a partner at Robson Carpenter LLP, condo law expert, and currently President of CCI Grand River chapter. 

CCI Grand River is all about helping people! Listen to this episode to find out how CCI Grand River is a phenomenal resource for condo managers, directors, professionals, and owners!

Key Points:

  • Learn about Michelle’s story and how she went from not knowing anything about condos to becoming a condo expert
  • How most people come to work with condos and get “hooked”
  • The importance of networking and community between professionals and condo owners, and the go-to directory filled with condo experts
  • What CCI Grand River provides for condo managers, directors, professionals, and owners
  • Opportunities to get free legal advice
  • An update on the Condo Authority Tribunal (CAT) which has expanded its jurisdiction and will now hear nuisance, annoyance and disruption disputes (noise, odour, light, smoke, etc). 
  • Stay tuned for new updates! 

Subscribe and review this episode on your favourite podcast platform!

Connect with CCI:

  • CCI-GRC Website (info, blogs and events found here!)
  • CCI on Facebook
  • CCI on Instagram
  • CCI on LinkedIn

Resources and Information:

  • Condo Authority of Ontario website
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Conference Sponsorship, annual conference, annual golf tournament, Grand River Chapter, Canadian Condominium Institute, Become a Member

Where Does Social Media Take Your Condominium?

September 17, 2023/in Uncategorized

Social media is an ever-evolving beast. Once you get comfortable with one algorithm, there have since been five updates, and a new sub-app that everyone is telling you to use. It’s understandable that most find themselves wanting to pull their hair out once tasked with social media managing. This can be especially frustrating if you are already overwhelmed should anyone utter “social media” around you. 

Where do you start? How do you map out your KPIs? What’s keeping all this from becoming too overwhelming and getting away from you?

It’s clear that social media is key to your continued success, and understanding how to utilize this tool will make marketing much less intimidating.

  Understanding the Importance of Marketing Your Condominium or Company

At its core, marketing your condominium, your management company, or your business can be simplified to one word: connection. 

Engaging with your audience, whether occupant, potential buyer, or industry network, is crucial to building a strong, positive reputation. People are in constant search of connection, and if you can strategize a way to appeal to your masses in a way that is more personable rather than robotic, you are on the right track.

Given how we are as a society, it’s important to understand one key thing: anyone who has never heard of you will look up your social media.

Anyone. Everyone. Staying relevant, consistent, and approachable online will help when it comes to first and lasting impressions.

The first thing you need to do is choose your preferred social media platform. You do not need to be on every single main platform, but you should be utilizing at least two. Take the time to get to know the platforms, and ensure that those platforms are where your audiences will likely spend their time.

Once you narrow down which social media apps your audience uses, and which ones you feel confident using, the rest will fall into place.

  Measuring Your Social Media Success

It’s not always about the number of likes a post gets. Though we all like to see that count rise, and get a little giddy when we see higher double and triple digits, there is more to measuring than meets the eye. 

Reach. Engagement. Total follows. Those are three areas where you always want to see in the green. Making sure your content goes out at the right time, on the right day, will ensure you hit those first two targets. The followers, will follow. 

Monitoring Your Social Media 

Social media is both simple and complicated. It can get away from you easily, and pile up under a mountain of updates and missed insights. 

If we circle back to your online reputation, there is one area of social media that you absolutely do not want to ignore. 

Reviews. 

By a show of hands, how many of us can say we monitor our online reviews, regularly? How many of us can say we know how to handle negative reviews or online disputes? 

Monitoring your tone online is a difficult task, and is especially difficult when you’re handling uncomfortable situations. And even more so, if the person handling the situation is already frustrated. 

The key to handling negative reviews is to deal with them ASAP. Since we’re now in the habit of checking our reviews regularly, it’ll become much easier to regulate your online presence. 

If you come across a negative note or comment, here are some quick steps to handling it: 

  • Read the comment carefully. 
    • Ensure you understand exactly what the commenter is talking about, and if not, reach out to your team to see if anyone was involved with the interaction. 
  • Respond to them promptly. 
    • Take the time to give them a thoughtful response. Acknowledge their experience, apologize for the circumstances, and invite them to discuss the matter privately whether through direct message or phone call. 
  • Once resolved, ensure you update the review/comment. You can encourage the original poster to do so, but there is no harm with replying to the public comment with an update (i.e., we have touched base with Ms. Doe about X issue and are happy to announce that we have found a resolution. We thank everyone who has taken the time to share their feedback.). 
  • There is no harm in asking for support from your condo board or marketing team. Reach out if you feel unsure of how to handle any social media-related situation. 

Social media is a great tool. Being able to connect with your audiences regularly will allow you to stay at the top of their list.

Using your platforms wisely, understanding your KPIs, and managing public reviews will have you running like a well-oiled machine. 

This is no easy feat. Working with a social media professional, or an online marketing professional can take some of the digital weight off your shoulders. 

Luckily, there is a plethora of information and resources out there in regards to social media and your digital presence. Stay tuned for our upcoming pieces as we discuss monitoring Facebook Groups, and understanding how “brand” affects you. 


Maggie Matian, Theresa Place Media
www.theresaplace.ca

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Budgeting: Should Last Year’s Surplus Be Used to Fund a Pet Sanctuary?

September 17, 2023/in Uncategorized

It’s that time of year again for the Annual General Meeting and the process of forming next year’s budget. The auditor happily noted that the condominium had a growing surplus in both accounts. A golden retriever with a goofy grin ran onto the stage. His owner read a flyer that showed the benefits of having a pet sanctuary.

Budgeting: Should last year’s surplus be used to fund a pet sanctuary? 

It’s that time of year again for the Annual General Meeting (AGM) and then comes the process of forming next year’s budget. 

AGM Meeting

The AGM began with the auditor taking the stage to present the audited statements. The auditor happily noted that the condominium had a growing surplus in both the general account and the reserve account. After the auditor had left the meeting, the president of the board opened the floor and asked the unit owners what they would like to do with the surplus funds. 

Unit Owner Discussion 

The serious accountant, fiddling with her laptop, informed the other unit owners that they could put the surplus into a GIC, but the interest rates had fallen since the pandemic started in 2020, so the benefit was minimal. She then suggested that they could decrease their monthly common element assessment fees for the next fiscal year or keep their fees locked at the same rate for the next few years.

The active triathlete piped up, suggesting that the condominium should install an Olympic-sized pool and gym with stationary bikes for spin classes. He went on and on about the health benefits of exercise until a golden retriever with a goofy grin ran into the room and escorted him back to his seat by tugging on his pant legs. 

The owner of the dog, a unit owner and humanitarian, took the stage. He read a flyer that showed the health benefits of having a pet sanctuary.

Pet Sanctuary

The room was abuzz with excitement, as many unit owners in that community loved pets. The board took this to a vote, knowing that they would need 66.67% of the owners to approve any change to the common elements. The vote was unanimous in favour of purchasing the pet sanctuary. 

Budgeting with a Surplus Balance 

At the next board meeting, the directors discussed how to form next year’s budget to plan for the coming year, as a budget is required by the Condominium Act to be included in the audited financial statements. The board followed these steps:​

  1. They looked at the auditor’s financial statements. The auditor had let the board know that the corporation had one year’s worth of expenses as a surplus in the general fund. (Typically, accountants like to see ½ month to 3 months’ worth of spending as a surplus in the general fund). 

  2. When forming the budget, they were told to work backwards. 

  3. What were the known expenses? The landscaping contract was $35,520. Property management fees were $25,100. Insurance premiums were quoted at $9,000. 

  4. What were the trends of increasing/decreasing expenses over the last five years? They saw a trend of water expenses increasing by $1,000 every year. Waste removal was also increasing by $2,000 each year.

  5. The treasurer of the board added up the total expenses they were anticipating for the next fiscal year. 

  6. The board member in charge of the pet sanctuary project had researched the costs of constructing the pet sanctuary and added the project, as a one-time expense line item to the budget. The board member had also researched the costs of maintaining the pet sanctuary and added another $1,000 to their budgeted utility expenses. The board debated decreasing security costs due to the additional security the pets provided. They decided to wait another year to get a more accurate measure of how the sanctuary impacted security costs. 

  7. The treasurer observed the reserve fund study to see if there were any upcoming major repairs that they needed to consider. The corporation had been transferring the required amount to the reserve fund. There was appropriate funding for their reserve expenses and the treasurer saw no additional transfers required in the reserve fund study within the next three years. 

After doing this exercise to figure out their total expenses, the treasurer noticed that their budgeted expenses were higher than the total amount of fees that they collected in the prior year by $20,000. As a group they decided that they were comfortable keeping their monthly fees consistent with the prior year, resulting in a planned shortfall of $20,000 for the current year. After the initial construction of the pet sanctuary, they would have fewer costs in the subsequent fiscal year. Their plan allowed them to continue with a surplus of $80,000, which gave them enough cash flow to cover the costs of the year, paying all of their vendors on time.

Now that the board had the financial plan for the year, the pet sanctuary committee could start selecting which pets they would like to save. 

… If I was on the committee, I would definitely have chosen the monkeys first!

 

 

 

Jennie Buerkle CPA, CGA

Senior Accountant at RLB LLP

https://www.rlb.ca/

 

 

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Thinking about Spring? Introducing Whispering Pines Landscaping!

September 17, 2023/in Uncategorized

Since 1993 they have been creating and maintaining exceptional landscapes through the Spring and Summer months AND ensuring safe properties through the snowy Winter seasons. Read-on for some tips from Whispering Pines Landscaping.

The lawn furniture is tucked away and the snow contractors are doing their best to meet winter’s rigorous demands; now is the best time to put plans in place for the coming “green season” of 2022!

Here are some important considerations to add to your next Board meeting agenda to ensure your condo property will provide enjoyment and pleasure for unit owners:

1. Audit of your Garden Care program.  Are your gardens looking their best?  Are your shrubs being pruned at a horticulturally appropriate time of the year?  Do you remember the last time the gardens in your community brought joy? Chances are that you could not answer “yes” to each of those questions.  

  • Solution: consider adding a specific line in your budget to allocate funds to the maintenance of gardens.  Corporation budgets commonly combine grass cutting and garden care under one line: Maintenance.  Perhaps your property could benefit from a dedicated gardening crew that makes regular visits with gardens and shrub care as their only priority. Ask your landscape contractor if they offer this service.

2. Schedule a mulch application to your garden beds and tree circles. You have likely seen the positive impact that is immediately visible following an application of fresh mulch. Not only does mulch provide a barrier for weed growth, mulch also helps your garden retain the needed moisture allowing plants and shrubs to thrive.  Mulch will also help prevent rainwater from washing away your soil.  Furthermore, when an organic shredded pine mulch is applied, it will release valuable nutrients in the soil as it naturally decomposes.  

3. Fix lingering outdoor drainage problems. Spring run-off and melting accentuates the wet, soggy areas of condo properties; we all know where the wet spots are on our properties!  Given the high density of the building projects in recent years combined with extreme rain events, there is less surface area for spring runoff and rainwater to be absorbed into the ground.  Pooling of water can also occur in areas where the ground has been saturated. 

  • Solution: a corrective measure, such as a French drain will solve an annual nuisance and provide enjoyment for years to come. Consider contacting your landscape contractor to get on the schedule for a 2022 project. 

Whispering Pines Landscaping is a full-service landscape company with experts in the areas of landscape design & construction, garden care, lawn maintenance and snow services.  Their service area includes Guelph, Elora, Fergus and Orangeville.

 

 

Andrew Westrik
Sales, Whispering Pines Landscaping
wpn.ca

 

 

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