What does a condo property manager do?
The job description of a registered condominium manager isn’t suited to everyone. It requires various qualities and skills. A qualified private condominium manager is available and knows how to show initiative in complying with procedures in order to solve problems quickly and efficiently. A good condo property management expert is versatile, has a sound knowledge of the different aspects of co-ownership, and knows how to surround themselves with specialists when necessary.
A Good Registered Condominium Manager Is Available
All condo property managers agree that good communication skills, availability, and transparency are essential for a registered condominium manager. While other qualities are required, these first few are essential for building a relationship of trust and a quality long-term partnership. With this in mind, a condo property manager must be accessible and reachable and remain in constant communication with the co-owners by cultivating communication between condo board members.
They Must Be Familiar With the Relevant Legislation
The real estate sector—and particularly the condominium field—is constantly evolving. That’s why a registered condominium manager must be familiar with the professional regulations and various laws that govern condos. These relate to all aspects of daily operation for condo property management, human resources, accounting, insurance, and construction, such as
- Collective agreements;
- Documents, financial statements and texts related to condo financial management;
- Bill 141 for condos;
- Bill 16.
The Registered Condominium Manager Solves Problems
The profession of condo property manager involves an excellent ability and a great responsiveness with respect to solving the problems arising from the management of a syndicate of co-ownership. Sometimes, the common solution isn’t applicable. Having a network of professionals specializing in condominiums, ranging from building technicians to ECCs, including legal experts, is a real asset. Learn which questions to ask a condo property management company.
They Work With Great Professional Conscience
Most condo property management firms ensure that their members comply with ethical standards when practising the profession of registered condominium manager.
The Condo Manager Shows Compassion and Understanding
Being a registered condominium manager is as much about managing people as it is about numbers. It’s also about taking care of a condo property building and a living environment as you would for your own family.
They Have a Sound Knowledge of the Technology in the Industry
These days, new technologies have entered the field of condo property management. A good condominium manager must integrate them into both the work processes and the communications with co-owners.
They Have Excellent Organizational and Planning Skills
In addition to mastering the administrative management of a condominium, the condominium manager has a firm grasp of management acquired during their property management studies and constantly updates their knowledge once they are in the position thanks to continuing education.
What are the advantages of a condo property management company?
There are many advantages of entrusting the management of your building to an external condominium manager firm such as Condo Stratégis. In addition to their availability, they have the necessary skills to take care of the administrative burden of a condominium, including the maintenance logbook and building management. Since the firm handles various management contracts for buildings with different characteristics—size, age, etc.—the private condominium manager and their team are well versed in the problems facing condos. If you’re looking for a condo property management company in Montreal, contact Condo Stratégis.