Self-Managed Strata Services
The tools, systems, and expertise to manage your strata with confidence.
We work with strata councils to bring efficiency, clarity, and better management to the strata corporation. That means providing the right tools and software, developing building maintenance programs through asset management systems, establishing secure digital record-keeping, and implementing depreciation reports. We ensure that council members have a thorough understanding of their responsibilities, all in the interest of protecting and enhancing the value of the property.
Consulting for Self-Managed Stratas
All Property Consulting brings more than 25 years of strata experience to every council, a knowledgeable and dependable resource for the questions and challenges that arise in the day-to-day management of a strata corporation. Council can book weekly or monthly online video-conference meetings to ensure that their concerns are addressed promptly and thoroughly. Throughout it all, the focus remains on the building, the finances, and the long-term value of the investment.
Strata Council Training and Guidance
Every decision a council makes carries consequences, and understanding that responsibility is fundamental to good management. At All Property Consulting Inc., we guide councils through the decisions that matter, providing clear, informed answers and directing them to the appropriate professional when specialized expertise is needed. We walk councils through their responsibilities, including the proper conduct of council meetings, Annual General Meetings, and Special General Meetings under the Strata Property Act and Regulations, leaving every council better equipped and more confident in the day-to-day management of their strata corporation.
The Reality
Why More Councils Are Self-Managing
BC is short hundreds of qualified strata managers. As the pool of available managers shrinks, service quality declines, response times slow, and strata property management resources become increasingly strained.
200 to 300
The shortage of qualified strata property managers in British Columbia is estimated at 200-300 professionals. As new strata corporations continue to be established across the province, this gap is projected to grow, placing increasing pressure on an already stretched industry.
15 to 20
Something has to give.
Roughly Half
Financial Administration Services
Financial control is the foundation of a well-managed strata corporation. All Property Consulting Inc. is a licensed brokerage regulated by BC Financial Services Authority (BCFSA), and as such operates under the Real Estate Services Act (RESA), governing the management of strata finances and requiring monthly financial reports to the council. Under the Strata Property Act, these reports are open to the ownership and are made accessible on the PowerStrata platform following council review and approval. This regulatory framework ensures complete financial transparency for owners and full protection from liability for the council.
Budget Planning and Funds Management
Realistic budgets are fundamental to maintaining the asset value of a strata corporation, and a legal requirement under the Strata Property Act. Based on our extensive industry experience, we work with every council to establish a solid budget each year, guiding councils through a process that ensures the physical assets of the strata corporation are maintained to the highest standard.
The Contingency Reserve Fund (CRF) is a legally required fund account that every strata corporation in British Columbia must maintain to cover major capital repairs, replacements, and unexpected emergencies. Strata corporations are mandated by the BC Strata Property Act to contribute at least 10% of the total annual operating budget to the CRF each year. Every budget cycle includes a Contingency Reserve Fund review, keeping it compliant with the Strata Property Act, and ensuring that the fund is being maintained at a level sufficient to address future capital projects and eliminate the necessity of special assessments.
Document and Process Review
Self-management carries a substantial administrative burden: correspondence, minutes, notices, bylaw enforcement, and the mandatory maintenance of strata corporation records. All Property Consulting Inc. addresses these requirements through the PowerStrata platform, replacing physical records with a streamlined digital system that provides owners with easy access to all documentation, while ensuring full compliance with the Strata Property Act and Regulations and the Personal Information Protection and Electronic Documents Act (PIPEDA). When a buyer, a realtor, or an owner requests documentation, the council can respond immediately and with confidence.
Depreciation and Electrical Planning Reports
Section 94 of the Strata Property Act mandates that the strata corporation acquires a depreciation report. Strata corporations are legally required to repair and maintain common property. A depreciation report is one of the most important planning tools a strata corporation has. It identifies all common property and assets, and projects the maintenance, repair, and replacement costs over a 30-year period. For owners, it means protecting the value of their home and investment while avoiding unexpected special levies. For prospective buyers, mortgage providers, and insurers, it provides critical information about the building's long-term financial health. We help every council transform the depreciation report from a compliance document into a working plan, one that guides the maintenance of physical assets and informs every annual budget.
Section 94.1 requires that strata corporations established prior to December 31, 2023 obtain an Electrical Planning Report by no later than December 31, 2026. An Electrical Planning Report assesses the electrical capacity of the strata corporation to determine whether it is adequate to accommodate the installation of EV charging stations at each owner's parking stall.
Enhancing Your Asset Value Through Better Management.
More than 25 years of hands-on strata experience. Find out what that means for self-managed strata corporations. Contact All Property Consulting Inc.
