Strata Management View our current portfolio here. Managing a strata corporation is a time consuming business. Although council members can contribute their time their involvement, participation is not always consistent or adequate. To keep daily operations running smoothly and to benefit from professional insight, hiring the services of a strata agent can be very productive. Magsen Realty is a licensed strata agent providing a full range of strata management services designed to meet the needs and goals of strata corporations throughout the Lower Mainland. We distinguish ourselves by our commitment to dedicated service, and a motivation to exceed the expectations of our clients. Our strata management services include the following: Administration: Act as the strata corporation’s registered office Retain and update records of owners, occupants, contractors and suppliers Receive and respond to correspondence from owners, tenants and contractors Hold council meetings and provide minutes to the owners Hold general meetings and circulate notices of general meetings Maintain communication with staff, council, owners, tenants and contractors Prepare "Information Certificate" (Form B) and "Certificates of Payment" (Form F) Arrange insurance and appraisals, as required upon renewal Enforce strata bylaws and rules as required Review and prepare amendments to bylaws Hire and supervise strata corporation employees Maintain 24 hour 7 day a week emergency answering and response service Performance: Hold council meetings and provide minutes to the owners Hold general meetings and circulate notices of general meetings Carry out inspections of common property Prepare a schedule of regular maintenance Arrange routine servicing of common areas Arrange extraordinary repairs as required by council Make contracts with qualified contractors on behalf of the strata corporation for utilities, supplies and services as deemed necessary Invite quotations for contract maintenance and repairs Hire and supervise on-site staff as required Financial: Maintain separate bank accounts for the operating and reserve accounts Prepare monthly bank reconciliations Collect, record, and deposit strata fees and all other income including special assessments, interest, fines and miscellaneous income Process accounts with pre-authorized payment arrangements Maintain monthly owners’ ledgers and follow up on account arrears Review and pay all invoices according to pre-established guidelines Provide monthly financial statements with balance sheet, operating statement, comparative operating statement, cash flow statement and reserve funds statement Prepare a budget for each annual general meeting Assist in long term capital expenditure budgeting Meet and surpass all financial requirements of the Strata Property Act To meet your specific requirements please contact our senior strata agent Eric Chung at 604-872-3218 or email: info@magsen.net