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- 278 Manitoba Street, Toronto, ON. M8Y 4G9
- (416) 255-7300
- (416) 255-7722
A property management company is an asset to owners who want to relieve themselves of the daily stresses associated with managing commercial and investment real estate. With varying regulations, codes, and laws governing different localities and property types, property management companies are often a necessity for most landlords. The top property management companies strive to ensure the profitability, good reputation, building maintenance, and tenant occupancy of residential and commercial investment properties. They should also keep owners informed about the key performance metrics of their real estate assets. At Mareka Property Management we meet and exceed all the criteria with a personalized touch.
We are Experts in Condominium and Commercial Property Management. Mareka Properties provides personalized Condominium Property Management services that cater to your specific needs. Our expertise extends to managing townhouses, as well as high-rise buildings, and we understand that effective management requires experience, responsibility, and a commitment to delivering high-quality service. With Mareka, you can trust that we have been managing the day-to-day operations and guiding the boards of directors at condominium corporations since our company’s inception, making us experts in this field.
At Mareka, we possess invaluable experience in managing both newly built and established buildings. We are equipped to handle various challenges that arise when owners move into newly built buildings or when upgrades and retrofits are required. We have a proven track record of success, and we are confident in our ability to guide you through any challenges that may arise. We conduct regular property inspections and provide a written manager’s report and recommendations for the condo board. Our inspections may include fire alarm and sprinkler testing, reviewing damage in community areas, and ensuring adherence to guidelines and regulations set out in the Condo Act or other relevant Codes.
We prioritize communication with your residents and keep them up-to-date with regular and timely communication about property maintenance. This includes notices, newsletters, information packages, and more, to ensure they feel a sense of community and are more likely to treat your property with respect and care. We provide exclusive services for condominium management.
What Is Condominium Management?
Condominium management involves the Board of Directors, also known as the condo corporation, acting on behalf of condo owners. This includes deciding whether or not to hire a condo manager or management provider to oversee the corporation’s day-to-day affairs. When condo managers carry out their duties, they interact with many people within the condo corporation, from owners to board members and contractors. They also report to and take direction from their client, the condominium corporation, through its board of directors.
What Do Condominium Managers Do?
Condo managers and management providers have a range of responsibilities, which can include creating and maintaining records for the condo corporation, responding to owner complaints, coordinating property maintenance and repair, hiring and monitoring service providers, preparing draft annual budgets, and monitoring the reserve fund. They are also responsible for issuing meeting notices, organizing board meetings, and overseeing the administration of all owners’ meetings. It’s important to note that condo managers and management providers must be regulated and licensed to provide safe, reliable, and professional services. The Government of Ontario introduced the Condominium Management Service Act 2015, legislation that safeguards condominium communities and protects condominium owners.
Condo managers act on behalf of the condo corporation and are directed by the board of directors. Many condo managers provide their services through a condo management company, and in that case, it’s not uncommon for multiple people to contribute to the management services. Sometimes certain responsibilities will fall to an on-site condo manager who spends dedicated hours on the condominium’s premises, including any on-site management office.
As a condo owner, it’s important to understand your responsibilities and rights in case you ever require the assistance of your condominium management provider. If you run into an issue with the condo manager, resources are available to help you find a resolution. All condo owners, board members, and condo managers must abide by the rules and regulations set out in the Condo Act and the condo corporation’s governing documents to create a safe and harmonious environment for all condo owners and occupants.
We specializes in the management of both condominiums and commercial properties and bring a wealth of experience, innovation, vision, and a personal touch to effectively manage your property. Whether you are looking for property management services in Scarborough, Mississauga, North York, Collingwood, or Toronto, Mareka Properties has a solution that suits your needs. To learn more about condo management and a condominium corporation, you can call (416) 255-7300.
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