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Strata Management in B.C.

Residential Real Estate Management is a global business worth over billions of dollars and accounts for over 50% of the overall real estate management market in terms of value. Demand is driven by population growth and the increased need for affordable housing. As the cost of single-family homes continues to increase, more individuals are purchasing condos and townhouses directly fueling the need for strata management services, such as Campbell Strata Management Ltd. provides.

The Strata Property Act states that you must have a strata corporation and the strata council is responsible for the day to day and long term management.  The challenge of managing large scale developments and communicating with hundreds of owners can be overwhelming for any home owner who volunteers to serve as a strata council member. This is why it is essential to engage the services of a professional management company to coordinate the daily operational activities of strata titled buildings, whether large or small, to provide the knowledge required and assist the strata council in operating efficiently.

The Strata Management industry in British Columbia is made up of a number of companies of various sizes, offering various services to your Strata Corporation.  In order to differentiate between these companies and ultimately partner with a superior strata management team it is important that you investigate the following:

  1. The history of the company.
  2. The reputation of the company and their view for incorporating new ideas and planning for the future of your property.
  3. Their knowledge of the Strata Property Act.
  4. Their knowledge of financial statement preparation, budgeting and financial planning.
  5. The accreditations and licensing from the Real Estate Council of BC.
  6. The standards by which activities are regulated.
  7. The service track record and client references.
  8. The office hours and locations available to service you.

Reputable strata management companies are able to understand your needs, demonstrate their success, and most importantly clearly articulate their responsibility to you the strata corporation.

For more detailed information on working with strata management companies as regulated by the Real Estate Council of BC visit their website or contact us at Campbell Strata Management Ltd.

Strata Management Services

Strata Management Services
Campbell Strata Management Ltd. has exclusively focused on strata management services in the Lower Mainland for 30 years, expanding into Metro Vancouver and the Okanagan Valley in the last five years.  Our growth has been through referrals from the strata corporations we manage, which in itself assures you of our unparalleled industry service and reputation for incorporating our knowledge with your vision for your strata corporation.

As a very hands-on strata management company, we continue to set the industry standards in:

  • Upholding the interests of our clients first with professionalism and the highest ethical standards
  • Maintaining detailed information on your strata property
  • Ensuring you know at all times how your money is being spent
  • Investing our time to build the future of your strata corporation

We have established an action-oriented team of personable strata managers who work tirelessly to put strata corporation’s interests first. We partner with your strata corporation to protect the equity of your investment and deliver consistent value as follows:

  • Council: We advise on conservative fiscal plans to protect the future of the property
  • Owners: We provide prompt and accurate responses to your questions and concerns
  • Developers: We establish your strata corporation enabling you to focus on your development

At Campbell Strata Management we strive to be transparent with our clients so that they are confident that they receive excellent service that we are known for. We do so by:

  1. Ensuring our customers have a clear understanding of our history and credentials by providing this information on our website and corporate documents
  2. Our strata managers have in depth knowledge in managing strata properties
  3. Following a stringent set of standards as dictated by the Real Estate Services Act and the Strata Property Act
  4. Demonstrating measured successes through our 30 years of history
  5. Providing references who are willing to share their experience with us to prospective clients
  6. Making ourselves available to our clients at all of our office locations and through our 24 hour emergency telephone line

Campbell Strata Management Ltd. is a member in good standing with the following organizations:

Campbell Strata member of CHOA Campbell Strata member of Surrey Board of Trade Campbell Strata member of CCI

Commercial Property Management

Commercial strata properties include retail spaces, office spaces and warehouses. It is essential that your commercial property management company has experience with your property type so that they have the knowledge to protect the value of your property while optimizing profits.

Our action oriented team of strata managers work tirelessly to partner with your strata corporation to protect the equity of your investment and deliver full commercial strata management services including:

1.    Community Management

  • Facilitate conveyance transactions on all sale and purchase Enforce the bylaws at the direction of your council to ensure strict compliance,
  • Manage communication between owners, councils and third parties

2.    Operational Matters

  • Ensure that your complex is in an excellent condition with a dependable infrastructure  to serve as your base from which you operate your business and generate revenues
  • Liaise with owners to ensure compliance to by-laws
  • Supervise contractors ensuring the timely completion of projects within budget

3.    Financial Management

  • Collect all fees in a timely manner
  • Develop detailed annual operating budgets including projected revenues, operating expenses and contributions to contingency reserve funds
  • Analyze financial statement to ensure adequate operational cash flow
  • Pay trades and service providers in a timely manner
  • Inform you of changes to strata legislation and how they affect your specific strata corporation

Campbell Strata Management has a history of excellence. By partnering with your strata corporation we will manage your strata and protect the operational base of your business.

Managing Townhouses

Townhouses are multi-level units with often with a small back yard and with enclosed parking spaces that provide a house like environment at a much lower cost than owning a house, and require a special set of real estate management services. Town houses typically  have their own entrances, exits and they feature many different shared amenities.

These amenities may include shared facilities such as clubhouses, community playgrounds, driveways and entrances to the complex, landscaped gardens and landscape lightings and depending on the scale of the development may also include recreational facilities such as a gym, pool and hot tubs.  All costs for such common facilities are shared amongst all owners of the townhouses.

Managing these common areas entails a huge responsibility  and in order to maintain the future value of your real estate investment, it is essential that you partner with a strata management professional to:

1.    Maintain Assets

  • By developing regularly scheduled repairs and maintenance plan
  • Hiring reputable trades by ensuring a thorough tendering process and leveraging the industry knowledge of a qualified management company
  • Manage projects and contracts so that not only they are executed on time and budget and completed to the highest quality standards

2.    Manage your Finances

  • Collect strata fees, special levies and monies owed to the strata corporation
  • Provide detailed breakdown of all expenses associated with your  strata corporation and ensure that your operating costs are being effectively managed as per your approved annual budget
  • Prepare monthly financials  to serve as the reporting documents which provides detailed analysis into the fiscal well-being of your strata corporation

3.    General Management

  • Facilitate conveyance on real estate transactions for new owners buying into the townhouse complex
  • Act on councils directions and enforce strata bylaws to ensure compliance with the same
  • Act as the central hub for all communications between council and owners
  • Keep owners abreast of changes to Provincial laws and legislations which impacts the strata industry and how they affect you as an owners in your strata plan

Campbell Strata Management continues to provide a tradition of excellence in strata services. By partnering with your strata corporation we will manage your townhouses and protect the equity of your investment so that as owners you can enjoy stress free living.

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Abbotsford: 306 - 2777 Gladwin Road, Abbotsford, B.C. V2T 4V1 
Phone: 604.864.0380     Fax: 604.864.0480

Surrey: 17651 57th Avenue, Surrey, B.C. V3S 1H1 
Phone: 778.574.3454     Fax: 778.574.3448