Just wanted to start a discussion regarding building finances in the GTA. For years, our high-rise was running a deficit because our previous managers let preventative maintenance slide until small leaks turned into massive emergency expenses. We finally started looking into professional firms to help audit and balance our budget. I was reviewing the scope of full-service condominium management on the site https://citytowersinc.com/ and really liked their structured approach to reserve fund planning and energy cost reduction. For those of you living in older condos, did bringing in an experienced management firm help stabilize your monthly maintenance fees, or did your corporation still have to issue a special assessment?
How much difference does proactive condominium management make to reserve funds?
- Thread starter GreatB
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