According to the Société d’habitation du Québec, in 2022, there were some 366,000 condominium units, divided among 7,500 syndicates. With an average age of 30 years, this aging housing stock requires careful management. Find out how to improve your property management and manage your condominium with these 3 tips from Jessica Marcotte, co-founder of Deluxco Gestion Immobilière.
The first question to ask yourself is: Have you conducted your reserve fund study and reconstruction value assessment? These studies, made mandatory by Quebec’s laws 16 and 141, are essential for the financial health of your condominium. The reserve fund study anticipates future repairs and costs, while the reconstruction value assessment ensures adequate insurance coverage in case of disaster. These analyses protect both the building and the interests of the co-owners.
The maintenance log is often overlooked but essential. This evolving document must be updated regularly to track the history of work, plan upcoming repairs, and record supplier information. It allows you to anticipate the building’s needs and prevent emergencies. An updated log also ensures that important information is passed on between successive boards of directors, ensuring the long-term health of your building.
Volunteer administrators can quickly become overwhelmed by numerous tasks, such as accounting and co-owner requests, often leaving work planning aside. A property manager brings three key elements:
In short, if you’re involved in managing a condominium, contact us. Our specialists are here to advise and support you every step of the way, to help you achieve better property management.
Placing the community at the heart of our operations, we value key principles such as trust, transparency, and effective communication.
Our managers, equipped with analytical minds, are committed to maximizing your return on investment while providing an enriching experience for residents. Entrust us with your projects! We’ll mobilize our expertise and excellence in real estate management to develop creative solutions and turn your goals into reality.
“For almost a year now, we have been doing business with Deluxco for the management of our 52-unit condominium.
I’m very satisfied. They’re a dynamic team that offers outstanding, human service. They’re always available and very organized. Good, sound external management is essential. I recommend them without hesitation!”
– Carèle
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