Associated Property Management is a leading edge strata management company in the Okanagan Valley. APM's growth is attributed to our unsurpassed responsiveness, service commitment and in-depth legal and accounting knowledge.
Through a consultative process we assist you to create a tailored strata management solution that encourages long term relationships with property owners, strata boards and tenants.
The provision of these services include:
- Bank Accounts reconciled by the 5th of each month
- Financial statements are prepared, approved and ready for distribution by the 20th of each month
- Accurate recordings of meeting minutes within 5 days
- Communication/Calls returned within 24 hours
- Senior strata mangers with extensive expertise and knowledge of strata law
- Fully licensed under the Real Estate Act of British Columbia
We are a TEAM that continues to grow, and presently consists of 18 licensed strata managers supported by 12 accounting and administration personnel.
Whether you need as little as assistance with filling your vacancy with a solid tenant, help with handling a "problem" tenant or full management services, contact us and
What Our Professional Strata Management Team Does For You
Financial
- Maintain trust accounts for Contingency Reserve Funds and Special Levy monies.
- Reconcile monthly bank statements by the 5th of the month.
- Provide monthly financial statements, general ledgers and bank reconciliations to the strata Council; provide monthly Bank Statements by the 20th of the month.
- Make payments for all charges and expenses payable by the strata corporation.
- Collect and record strata fees.
- Process all pre-authorized debit transactions; post and deposit all cheques.
- Recover unpaid strata fees owed to the strata corporation; prepare, execute and file liens to effect the collection of unpaid strata fees.
- Assist Councils to prepare annual budgets and determine each owner's contribution towards operating expenses and contingency reserves.
- Provide payroll accounting for strata corporation employees if necessary.
- Arrange for annual statutory reviews or annual audits of the trust accounts as required.
Meetings and Bylaws
- Attend and facilitate Council and Annual/Special General Meetings and Hearings.
- Take meeting minutes and distribute as required.
- Chair meetings when required.
- Assist Councils to prepare and distribute notices of general meetings.
- Prepare and distribute general correspondence.
- Assist Councils to negotiate and administer contracts with service providers such as landscaping and snow removal.
- Liaise with owners, tenants and residents with regard to bylaws and rules, insurance or accounting questions via correspondence, telephone or email.
- Provide notices of alleged bylaw or rule contraventions and/or fines assessed by the strata Council.
Regulatory
- Ensure compliance to all current Regulatory requirements and changes through ongoing educational training of manager and staff
- Prepare and sign statutory forms including Form B and Form F as requested for sales of strata lots.
- Ensure that the strata maintains adequate insurance coverage for liability, damage and Directors & Officers, and volunteer insurance as required. Act as liaison with insurance adjusters on damage claims