The majority of Vancouver condo buildings hire a licenced property manager to run the affairs of the building. What are the duties of a Vancouver condo property manager? The manager is in charge of collecting monthly maintenance fees from the owners. Attending strata council meetings and distributing the minutes from those meetings to all owners. Preparing the agenda for council meetings and giving the required notice to owners for AGM or Special meetings. Prepare and distribute financial statements to strata council.
Do Property Managers Handle Vancouver Condo Building Repairs?
Yes, they are responsible for obtainig quotes for repairs. As well they deal with requests from owners who wish to rent their condo or owners who break the condo rules , which may result in a fine. Managers also handle qotes on building insurance, providing options for strata council regarding possible special assessents vs taking some or all of the funds out of the contingency reserve fund. They also deal with building emergencies, hiring and supervising the caretaker, gardeners, cleaners and have an extensive knowledge of the Strata Title Act.
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