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<span id="hs_cos_wrapper_name" class="hs_cos_wrapper hs_cos_wrapper_meta_field hs_cos_wrapper_type_text" style="" data-hs-cos-general-type="meta_field" data-hs-cos-type="text" >Property Management – what is it anyways? [+Infographic]</span>

Property Management – what is it anyways? [+Infographic]

Step right up, don't be shy. We get asked this all the time. What is property management?

  • Do you manage my house rental when I go on vacation? Nope.
  • Do you live in my building? No.
  • Do you rent out properties? Non.
  • Do you sell properties? Nada.

With that cleared up, let's focus on what we DO, do!

So what DOES a Tribe property manager do?

The answer to that question is OODLES! Property managers look after a specialized living environment involving a lot of different people. (No, no, not a commune. We think that would get a bit tricky.) Here at Tribe, we actually refer to our property or strata managers as Community Managers. We think it better reflects our people-forward approach.

Our community managers work on behalf of a group of owners, to protect their collective investment (ie. an entire housing corporation or strata building), which is made up of a bunch of individually-owned units.

what-is-property-management-infographic

The nitty-gritty of property management

Ok, so you get the big picture. Now let's get into the fine print. What do our community managers do on a daily? We've broken it down into a few themes for you.

Property/building maintenance

  • Maintain common areas inside and out, including amenity rooms, pools, theatres and more.
  • Elevator maintenance.


Building management

  • Ensure the owner's representatives (Strata Council) meet regularly to discuss building management.


Administration

  • Deal with building correspondence.
  • Communicate with owners and residents about notices of meetings, minutes, and more.


Financials

  • Preparing budgets.
  • Taking care of invoices.
  • Collecting fees.
  • Arranging proper and competitive insurance.


Community

  • Enforce rules around the common property.
  • Mediate disputes between owners.
  • Amend bylaws for the good of the community.


More about Community Management

Like what you've read? We're always happy to connect and tell you more about what we do. 

 

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