March is Fraud Prevention Month: How can you protect your finances if you are a property manager?
Just imagine... You're a property manager in Quebec. Your day-to-day routine is already full: visits, inventories, lease management, relations with owners and tenants... You juggle a thousand and one details to ensure the profitability and peace of mind of the properties you manage. And then, one day, the unthinkable happens [...]
Property management trends for 2024
In 2024, the property management sector is set to see the emergence of several trends that will shape the way properties are managed. These trends undeniably reflect the changing needs and demands of co-owners, building owners, tenants and managers, and the market as a whole. One of the main trends in property management [...]
The secrets of effective condominium management: the importance of a good manager 🏢
Co-ownership managers play a crucial role in the management of shared real estate. These professionals are responsible for ensuring good relations between the various co-owners, managing finances, taking care of repairs and maintaining the value of the building. In this blog post, we'll explore the [...]
The challenge of supplier payments in condominium associations
Syndicats de copropriétés (SDC) employ a large number of suppliers. The payment of bills is therefore a major issue for co-owners, since they all have to bear the costs together. Who hasn't experienced the obstacle course involved in getting suppliers paid on time? For many SDCs, this responsibility justifies [...]
10 tips for becoming a better property manager 💰
If you're currently viewing this article, it's probably because you're wondering "How can I become a better property manager?" Becoming a better property manager is possible when you know what skills to hone and realize the importance of continuous learning. Indeed, it's not an easy career choice, because a good [...]
🏠9 tips for multifamily property managers - Otonom Solution 💰
One of the most popular investment strategies in real estate is the purchase of multi-family properties. Having several separate units of rental property means greater stability and higher cash flow than single-family properties. However, even though they are in high demand, offering management services for multi-family properties can be [...]
Pre-authorize your property management performance 🔑
In the age of digitalization and automation, real estate players have everything to gain from using pre-authorized payments to improve their property management. Today, performance means saving considerable time, eliminating human error and payment delays. What is pre-authorized payment? Used [...]
Property management with software 👩🏼💻
Are you a property owner or manager? If so, you know that keeping track of everything can be a real headache. There are so many details to remember and changes to keep track of. You need a system that helps you stay organized and in control. [...]
Remote operations in property management 👩🏼💻
COVID-19 has led many companies to re-evaluate the way they operate. For the property management sector, this has meant a move towards more and more remote operations. While this may have started out as a matter of necessity, many companies are now realizing the advantages of working remotely.
The 3 most important questions to ask yourself before buying an investment property 💵
Most of us have received a very imperfect education when it comes to investing. Investors often buy a property without fully understanding the fundamentals of whether it will become profitable. In fact, we were all given little instruction manuals when we learned to invest - so much so that many of our [...]
The skills you need to succeed as a property manager ✨
Anyone who has worked in property management knows that it's a competitive business. Property management requires a wide range of skills that beginners may not expect to need in this profession. So what skills do you need to become a property manager? We've put together a list [...]
Rent collection, an avoidable hassle! ⏱️
As a real estate owner or investor, you've no doubt already faced a difficult rent collection period. Cheques with no funds, closed bank accounts, undelivered cash and transfers to your various banks to make deposits are just some of the challenges you face. Do you really have to go through this again [...]?
Real estate software, the ally of property managers and owners
Property management can be carried out in a variety of ways, with some property managers and owners preferring manual methods and others, technology. The Office suite offers a few basic functions that will enable managers and owners to bridge the gap between their paper-based and computerized management. However, more and more property managers are [...]
Co-owners and condominium associations faced with Bills 16 and 141
Gone are the days when condo fees were voted at the lowest possible rate! Bill 141 and Bill 16, passed last December, have upset the habits of a good number of co-owners and syndicates of co-ownership, leading to an increase in fees. Even if the final details [...]
Monthly cheques... a building manager's nightmare
Every month, it's the same ritual. Groupe immobilier Gescard manager Marie-Josée Ricard receives red-signed or unsigned cheques. An immeasurable waste of time for the woman who manages over 500 doors. Marie-Josée has to contact her customers again, who promise to issue a new cheque. Around the 15th [...]
The first-of-the-month dilemma: rent collection
Mr. Bouchard, owner of three buildings in Montreal, has always wanted to manage his assets himself. It takes up a lot of his time and energy. Thanks to conventional computer applications, he has been able to rationalize and modernize part of his building management, but one aspect of [...].