Strata Management Services
HomeLife Peninsula Property Management offers a full selection of Strata management services. Our Three-Tier Management System covers all three areas of condominium or Strata corporation property management: Fiscal, Physical, and Administrative.
Fiscal Management
- Preparation and recommendation of operating budget
- Collection of data and provide alternatives to facilitate the council's decision making process
- Assist in establishing assessments
- Accounting and bookkeeping services
- Collection and recording of Strata fees (post-dated cheques and other income)
- Recording and disbursement of all payables
- Deposit of fees to trust account
- Follow up on delinquent payments (per council policy)
- Supply monthly statement of income and expense
- Supply monthly financial summary
- Supply comparative statement of variance of expense to budget
- Supply annual statement of Strata corporation financial affairs
- Preparation of annual financial statement for filing with Revenue Canada
- Annual audit
Physical management
Good advice - and quality maintenance. That's our promise.
- Assist council in setting maintenance standards to be met
- Prepare operating plan and schedule for regular maintenance and repairs
- Prepare the bidding process for maintenance and building operation contracts
- Regularly scheduled inspections of the property, and report to council of building and grounds maintenance concerns or deficiencies
- Where maintenance concerns exists, they will be photographed or videotaped and filed for insurance or maintenance purposes
- Emergency Maintenance Services located in the community for quick response, available 24 hours a day, 7 days a week
Administrative Management
Let us handle all of the "detail work" of property management. (All items below are provided on an "as required" basis)
- Prepare reports for regular and annual council meetings
- Prepare and send notice for all meetings
- Assist council with agenda planning
- Attend monthly council meetings (or as scheduled)
- Prepare ballots, proxies and other annual meeting forms
- Attend annual general meetings
- Research specific subjects for council
- Provide secretary for taking minutes at meetings
- Prepare and maintain files for owners list, copies of all meeting minutes, contracts, insurance policies, legal documents, financial records, data on manufacturer's equipment
- Preparation and maintenance of correspondence file
- Assist in publishing and distribution of a newsletter
Add-on Services
Occasions may arise where certain functions clearly require expert care. We will assist and/or recommend experts in architecture, law, engineering, taxation and audits.
Consultative or Selective Services
We review the individual needs and objectives of each residential complex, and tailor our management and investment services accordingly. The services we provide are available to Strata corporations on an as-needed basis. We would be pleased to supply a quote on selected services that meet the specific needs of your Strata corporation.
Whether you require a full management solution or want to take advantage of our services on an as-needed basis, HomeLife Peninsula Property Management is ready to meet your needs! Please don't hesitate to contact us today to get started, or for more information.
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"Doug and the HomeLife management team take care of things for us. Our council is involved to a certain degree but it certainly eases things to have someone else handling the bills. It's a real benefit having a management company. For a council to do this on its own is just too involving."
John Maxwell
Strata Council Chair
Monticello Condominiums
White Rock, B.C.
"Doug Holmes and HomeLife are very helpful in every respect. If we have any questions Doug comes to our meetings to explain the statements and to make recommendations to us about our contingency fund. Having a management company also helps to remind the condominium council what its responsibilities are, in terms of inspections and so on."
Ed Packer
Strata Council Chair
Grosvenor Court Condominiums
White Rock, B.C.
"Doug Holmes is really good to work with. He's friendly and always tell a few jokes. Everyone on our council really likes him. He's easy to deal with."
Sven Ostrup-Jeppeson
Strata Council Chair
Spinnaker II Condominiums
White Rock, B.C.
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