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Published Article on “Reserve Fund Planning Misconceptions” in the Canadian Condominium Institute (CCI-BC)’s “Condo News”

Published Article on “Reserve Fund Planning Misconceptions” in the Canadian Condominium Institute (CCI-BC)’s “Condo News”

The following article was recently published in the Canadian Condominium Institute (CCI) BC Chapter’s “Condo News”: http://www.ccivancouver.ca/ Why do Misconceptions about ...

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Good to Hear – II

Heard from another Property Manager:

“The strata council asked for a Warranty Review Proposal, one quote was 2 pages long and twice your fee, the other quote was for a Building Envelope Condition Assessment… Your proposal was detailed and professional. The decision was easy to make.”

Common Sense – Shared

Talking with a council member:

“Our changing mood influences how quickly we deplete our car’s gas tank don’t you think? In a way, a reserve fund scenario is like your dashboard’s gas gauge. You know it’s there, you don’t like to look at it, and yet, you must glance at it to make sure that you can get home. With your development, ‘home’ is many refills or DRs and at least 70 years away.”

“Nice analogy. It is crucial that I act on our depreciation report and get reserve fund planning.”