1 minute read

A Gold Standard in the Heart of Downtown

Next Article
We Did It! The

We Did It! The

munity is present in our building where everyone is so respectful of each other, where everyone is always rushing to help each other. It’s one of the strengths of our building for which we really are so grateful,” adds Yasmin.

The robustness of eCondo’s fiscal and community health can be directly attributed to the devotion, work ethic and competence of its three member Board currently consisting of William Choi, President and a Board member since turnover; the Board’s newest member, Yasmin Khalegi, Secretary; and Samer Alameddine, Treasurer.

Much of the Board’s success lies in the communication established with the management team, including providing Board members with written management reports at least three days before meetings to allow the directors to fully prepare for effective meetings. The Board also makes good use of weekly 5/15 reports, an effective management tool which takes management 15 minutes to prepare and takes the directors 5 minutes to read to get up to date with operations and events of the week

Management team:

• Creates and posts two weekly ‘Know Your Condo’ newsletters that educates on such issues as fan coil filter changes, leaky faucets, rules reminders, and tips for condo living

• Posts weekly notices each Friday that provide update information about current and upcoming projects, events and general interest matters

• Employs eBlasts and eCondo’s website to share information

The Board:

• Employs e-platforms such as WhatsApp to communicate with residents

• Provides residents with regular community surveys

• Holds regular Information Meetings and Town Halls

Given eCondo’s high percentage of rental units, the Board has initiated education sessions in the hope that informed and educated renters will be more vested in eCondo as a building and community. For owners, the Board hosts information sessions with industry experts in such fields as reserve fund contributions, budgets, insurance, and maintenance fees.

Ever cognizant of the larger Yonge and Eglinton neighbourhood, “When it comes to community relationships, that is actually something we are working on right now, to see if there are any synergies that can be formed,” says Samer.

The Board of eCondo expects, and receives, the same level of professionalism and efficiency from their four member management team provided by FirstService Residential that they expect of themselves and it is for that reason, from the very outset, the Board has laid down a set

This article is from: