A sectioned strata corporation is designed to separate a building with different uses and components. They are commonly grouped into two categories: residential and commercial sections. There are also strata corporations that consist of both sections (residential and commercial) where the strata corporation is responsible for maintaining the common area shared by both the residential
When it comes to hiring a Strata Management company, it is important for your Strata Corporation to consider their needs and the level of service required such as: number of meetings held annually, maintenance requirements, and the balance between the Strata’s budget and the services needed. Other factors to take into consideration are building size
Several times throughout the year, we feature a trade or company that we feel is an important aspect to the Property and Strata Management Industry. This month, as our first featured trade, we are happy to introduce Incredible Restorations. Similar to Century 21 Prudential Estates (RMD) Ltd. Incredible Restorations is a local, family owned and
A few months ago, we shared 5 reasons why you need a rental property manager. As you may have read, owning an investment property is an achievement, but it can also come with many management tasks, responsibilities, and specific knowledge that can take up a lot of your time. We feel there are many reasons
Hiring a Strata Management company as part of the development process can be highly beneficial for developers and new developments, as there are many obligations under the Strata Property Act (SPA) that the developer is required to follow, such as when to hold the first Annual General Meeting (AGM) and transferring documents to the Strata
Owning an investment property is an exciting achievement that offers financial security, mortgage assistance, tax breaks and deductions, and property appreciation (to name a few). With a steady increase in rental rates in Greater Vancouver and low vacancy rates, investing in Real Estate couldn’t be a better investment. Although there are many benefits to owning
An unhealthy strata insurance market is hopefully coming to an end in 2021 with BC insurers agreeing to put an end to ‘best terms pricing’. With ‘best terms pricing’, strata corporations had to pay the highest rate quoted for insurance premiums, even if there were lower rates quoted from different insurers. The reason for this
Have you thought about switching careers or starting a new career in a position that has consistent challenges? With the current world economic climate, now might be a great time to try a new, more stable career path. You may have considered a career in real estate as a Realtor®, but felt turned off by
