Condominium Management

What is a Reserve Fund Study?

 

A reserve fund study is an inventory of existing common area components (i.e. the roof, sidewalks, and boiler) and is a 25 year projection of the timing and costs to replace these components. This fund is a mandatory item for all Condominiums and is regulated by the Alberta Condominium Act. For more information about the ACT, please go here, or to download the ACT click here

SIMCO Management will suggest a third party consultant who specializes in completing Reserve Fund studies. They will work with you to find the best plan that supports your long term components while controling costs and future increases to condo fees.

 

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Insurance

Simco Management can assist your Board in obtaining Public Liability, Board of Directors Insurance, Fidelity bonds as well as Accident insurance and other products. The materials below provide information on some insurance concepts.

Should you need more information on obtaining insurance for your condominium complex, please contact our office and ask for your Property Manager.

 

SIMCO Management is a Calgary based Property Management Company specializing in Condominium management, but also includes the managing of Homeowner Associations, Commercial Condominiums and Rental Properties.

Simco Management provides a full range of services including:

  • Prepare an annual budget for board approval
  • Collect monthly Contribution Fees from Owners for deposit in separate “trust” accounts.
  • Maintain accounting records and provide monthly financial reports to the Board.
  • Attend Board Meetings and Annual Meetings
  • Review insurance requirements with the Board
  • Handle complaints and secure compliance by owners, tenants and guests with all rules and regulations as established by the Bylaws of the Condominium Corporation or HOA under Board direction
  • Respond to after-hours emergency calls

Site Maintenance Services

  • Consult with Board to determine standards of housekeeping required in common areas
  • Suggest qualified Reserve Fund Consultants for long range plans for repairs and/or replacement of the common elements of the property.
  • On behalf of the Corporation/HOA, secure bids, contracts and propose third party consultants when required.
  • Periodic inspection of common areas

To learn more about our Management services or for a quotation please fill out our online request form.

Property management firm

Get The Expertise Your Board Needs With An Experienced & Reliable Condo Management Company

Don't underestimate the importance of selecting your condo management company.Significant expertise is needed to operate a condominium community successfully. You need dedicated professionals on site to inspect common areas, address complaints in a timely fashion, communicate with tenants, and ensure that all rules and regulations are enforced at all times. You also need professionals behind the scenes to handle accounting matters, attend board meetings, stay up to date on insurance requirements, and coordinate repairs and maintenance duties. At Simco, we pride ourselves on offering the most reliable services for homeowner's associations, commercial rental properties and those seeking condo management in Calgary. We provide the experience, knowledge, and innovative spirit that you need to keep your condominiums profitable and in excellent condition.

 

Condo Management In Calgary

Experience The Difference In Service With Our Condo Management In Calgary

Are you ready to team up with a condo management company that doesn’t quit halfway? Simco is your one-stop destination for superior property management in Calgary. We have the resources needed to assume full managerial responsibility for your condominiums, and we’re always willing to customize our services to your needs. We pride ourselves on standing out from other Calgary property management companies when it comes to transparency, innovative ideas and full-service contracts. When your needs change, we’re ready to change along with you.

 

Simco Management (Calgary) Inc. specializes in Condominium Management. We also manage Residential Rentals, Apartment Building Rentals, HOA & Resident Association's, Commercial & Industrial Condominiums and Provide Maintenace Services to all our Condos, HOA's and Rentals.

Simco Management (Calgary) Inc provides a full range of services including:

  • Prepare an annual budget for board approval
  • Collect monthly Contribution Fees from Owners for deposit in separate “trust” accounts.
  • Maintain accounting records and provide monthly financial reports to the Board.
  • Attend Board Meetings and Annual Meetings
  • Review insurance requirements with the Board
  • Handle complaints and secure compliance by owners, tenants and guests with all rules and regulations as established by the Bylaws of the Condominium Corporation or HOA under Board direction
  • Respond to after- hours emergency calls
  • Site Maintenance Services
  • Consult with the Board to determine standards of housekeeping required in common areas
  • Suggest qualified Reserve Fund Consultants for long range plans for repairs and/or replacement of the common elements of the property.
  • On behalf of the Corporation/HOA, secure bids, contracts and propose third party consultants when required.
  • Periodic inspection of common areas

To learn more about our Management services or for a quotation please click the button below.

 

Request a Proposal

 

Invoices by Mail

26-08-2015

Contractors can now submit invoices by email. Please contact your Simco Property Manager for details on how invoices can be sent to us.

Read More

Cash Payments

26-08-2015

Please note that currently our office does not process cash payments. Payments at our office may be made by cheque. Should you have questions please contact your Property Manager through...

Read More

 

Those Little Extras that Makes Things Better

 

Reserve Fund Planning

We work with you to establish effective and manageable reserve fund needs.

Accounting

Our accounting methodologies set us apart from other property management companies.

Condo Maintenance

We offer a full service maintenance program with certified contractors to all our properties.

Insurance

We can assist you in obtaining a wide variety of insurance policies and other products.

 

 

About Simco

First incorporated in 1982, Simco Management has become a success story. We now manage over 140 Condo/HOA complex’s taking advantage of our Professional Property Management Services in Calgary and area, our vision has stayed the same - Understanding the Value of your investment through Dedicated service and processual.

Latest News

Invoices by Mail

26-08-2015

Contractors can now submit invoices by email. Please contact your Simco Property Manager for details...

Cash Payments

26-08-2015

Please note that currently our office does not process cash payments. Payments at our office...

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