Hi, this is Warren Phipps with Mountain Park Real Estate. I'm here to talk about the services that condominium management companies provide.
Point 1: Handle all inquiries
The first thing we do is handle all inquiries from condominium owners. Somebody dumps something on the property. Maybe there's a leaking roof. Perhaps the heat stops working. A good condo management company will have someone available 24/7 to handle these types of issues promptly and efficiently in order to keep residents comfortable and minimize any damage.
Point 2: Set up, pay and administer all suppliers
Condo management companies also set up, pay and administer suppliers. You may need a cleaning service for the building. You're going to need lawn care and snow removal. We outsource these services to suppliers, negotiate the best price, and then use the monthly condo fees to pay the suppliers while making sure they continue to do a good job for you.
Point 3: Accounting
We also take care of all the accounting for the condominium corporation. There is money coming in. There is money that has to go out. We handle the reserve fund and operating accounts through our trust accounts to ensure your money is safe. We make sure all the money coming in and going out is accounted for so that your condominium runs smoothly.
Point 4: Paying bills
We also set up, pay and administer all suppliers. Depending on the type of building, you're going to need a certain amount of cleaning, lawn care, snow removal and those sorts of things. We will source the jobs out to suppliers, negotiate the best price, and then take the condo fees we collect every month to pay them so they continue to do a good job.
Point 5: Supervising general upkeep of the property
We also supervise the general upkeep of the property. We do site checks to make sure that everything is being done correctly. We make sure that if a roof is being repaired or windows are being replaced, the supplier hired to do that project has done the best possible job. Supervising the upkeep of the property ensures that all the residents are happy.
For more information on Calgary condominium management, contact us at Mountain Park Real Estate your Calgary Condominium management company. Warren Phipps 403.984.4404