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Director Certificate Program - Course 105 - Reserve Fund Fundamentals
Director Certificate Program - Course 105 - Reserve Fund Fundamentals

Thu, Jul 18

|

Virtual Event

Director Certificate Program - Course 105 - Reserve Fund Fundamentals

This course teaches the basics of reserve funds and reserve fund studies.

Registration is closed
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Time & Location

Jul 18, 2024, 6:30 p.m. – 8:30 p.m.

Virtual Event

About the event

When: Thursday, July 18, 2024, 6:30 pm 

Where: Virtual - The Zoom link will be provided the day before the event

Online registration is available until 2024-07-17

Course 105: Reserve Fund Fundamentals

The Condominium Act requires that all condominium corporations in Ontario (regardless of type of occupancy, residential or commercial) maintain one or more reserve funds and obtain a reserve fund study every three years. The condominium corporation’s reserve fund is used to pay for the major repair and replacement of Common Elements and Assets of the condominium corporation.   The Act defines how the studies are to be completed, how the reserve funds are to be used, and how funds can be invested, and it states that the contribution plan adopted by the board must be followed until the study is updated.  This course teaches the basics of reserve funds and reserve fund studies.

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Small and self-managed condominiums face unique challenges, yet most management models are tailored to large corporations and scaled down from there.

Condo Care helps communities find and implement management solutions that fit their actual needs... not someone else's template.

Psst... don't worry, we're different, too!

Condo Care

by Stratastic

A 10-unit condominium doesn't have 10% of the responsibilities of a 100-unit condominium.

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It still needs governance, compliance, maintenance planning, financial oversight, and community building. Yet many small condominium corporations receive less support because traditional management models are often designed for larger communities first.

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Isn't it time condo management made sense, especially for the small ones?

We believe small condos deserve better.

Condo Care was created because we saw a quickly growing gap in the condominium industry.

 

Small condominium corporations were increasingly:

>   Struggling to find management.

>   Losing access to experienced professionals.

>   Being priced out of traditional models.

>   Left to solve complex challenges with limited resources.

 

Our mission is simple: To help small and self-managed condominium corporations access practical, sustainable management solutions that reflect their actual needs.

We're not property managers.
We're property management consultants.

Most companies start with a service package.

 

We start with your condominium. After understanding your goals, challenges, budget, and desired level of involvement, we help identify the most appropriate management model for your needs. We focus on you, so we can find the right fit for your community.

 

Because the right answer isn't always the same... 

and every condo needs care.

One Condominium. Multiple Paths Forward.

Condo Care offers completely customizable management solutions for small and self-managed condominium corporations across Ontario. Our most commonly chosen options center around the following categories:

 

>   Traditional Management: For boards seeking a comprehensive management solution with minimal involvement. Often, this involves working with one of our partnered property management companies for a more familiar approach.

 

>   Hybrid Management: A combination of licensed management services (whether through a management company or self-employed service provider) and/or administrative support. This solution is often ideal for smaller and moderately involved communities seeking flexibility and value.

 

>   Self-Management Support: For communities that want to stay truly involved while gaining access to professional guidance, resources, and trusted vendors.

What does an exploratory meeting look like?

Well, first of all, it's 100% free and 0% commitment... just a interest in putting our heads together to grasp your condominium's needs and how to support you shaping your condo community and operations!

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Got 30 minutes? We've got a customized plan!

During your meeting, you'll get to discuss with our founder, Andreea, who is as passionate about small condo communities as you are about ensuring yours runs perfectly... both in terms of operations and communications!

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You'll get to share what's working, what isn't, and how you envision your parcel of Condoland being managed, regardless if you're looking for self-management, limited management, or traditional property management solutions. 

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We've got you covered. Because every condo deserves care.

While you're here and condo curious, why not check out our articles, tailored just for small condos!

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Stay up to date 
with the constant
changing condo 
industry.

We invite you to join us! You'll fit right in to a community committed to simplifying condo.

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