The main objective of technical real estate management is the preservation of common portions. It implies that any syndicate of co-owners has a primary duty to insure that the necessary work is carried out, over time, to avoid the deterioration of common portions. To perform these tasks correctly, it is essential that the syndicate set up a maintenance logbook, an asset management plan and a certificate of the state of the immovable.
Assuming the manager is qualified to take charge of this essential mission for the sound management of any co-ownership, he plays a leading role in planning and supervising the necessary work to maintain the building and its equipment in a good state of repair. Relying on his background, skills and experience, he should be able to insure the immovable technical maintenance and monitoring, two activities predicated upon being present at the building to supervise the necessary work. He may also negotiate contracts, prices and the products and services’ specifications. A review of the many tasks that can be entrusted to the co-ownership manager.
Building regular maintenance
Within the scope of his specific tasks the manager could be called upon to:
As part of its tasks, the manager could be called upon to:
As part of its tasks, the manager may be required to:
WHAT YOU SHOULD KNOW ! Managers handling many and/or large accounts have a high volume of activity, and are often able to negotiate lower rates with suppliers. They are thus able to lower the cost of products and services needed to maintain the immovable, for the best interest of the syndicates of co-owners.
WHAT TO KEEP IN MIND : Regarding work, the manager shall ensure the implementation of decisions made by the board of directors. When he has the necessary experience to do a good job, the manager is able to compare bids to counsel the directors about their respective benefits and disadvantages.
WARNING ! The board of directors must supervise the manager’s work. To this end, the board must set up financial controls. In other words, it must determine in a timely manner, when, how and why financial and material resources will be allocated.