705 - 955 - AVID chris@avidcrp.com

How much money should be in your Condominium Reserve Fund?

The short answer: Your Reserve Fund balance should at least be equal to the cost for the Condominium Owners’ usage of the common elements to date. The long answer: The Act Requirements The Condominium Act (Ontario) (the “Act”) requires that the Corporation collect...

Building Owners Guide to Short-term Rentals

Short term rentals are the new trend for condominium owners everywhere to make money off of their unit. Owning a condo development is by no means a "walk in the city park", and there are many acts and code of ethics that you need to be living by. Avid...

Top things to consider for a Reserve Fund Study

Demystifying The Reserve Fund Study After years of working as a reserve fund study specialist, what I’ve learned is that it’s one of the least understood financial documents in the world of property management. And I’m never surprised. Mostly legal and...