Resources for Property Managers
Answers to the questions strata councils and property managers ask us most.
Common Questions
Quick answers to questions we hear from property managers.
How often should common areas be inspected?
We recommend monthly inspections for most strata buildings, with bi-weekly or weekly inspections for larger or older properties. High-traffic areas may need more frequent attention.
What should be included in a maintenance contract?
A good maintenance contract should include: scope of services, communication expectations, pricing structure, insurance requirements, termination clauses, and reporting/documentation expectations.
How do we budget for unexpected repairs?
Best practice is to maintain a contingency fund of 10-15% of your annual maintenance budget for unexpected repairs. Additionally, a depreciation report can help anticipate major repairs.
What documentation should contractors provide?
Request: proof of insurance (liability and WorkSafeBC), business license, references from similar properties, and detailed written quotes. For ongoing contracts, regular reporting should be specified.
Need Personalized Advice?
Our team is happy to discuss your specific property needs.