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Fill Your Units
You can never get back the money you lose when a unit stands empty. Whenever a member gives notice, it’s important to get the word out, which is usually the responsibility of the manager. As soon as a prospect gets in touch, your co-op needs to follow up promptly. Otherwise, they will go elsewhere.
Ten Years of On-Time Filing
We’ve seen great strides made over the years in the number of Agency clients that send us their annual filings on time. Recently, we recognized thirty-six co-ops—about seven per cent of our clients—for 10 years of on-time filing. Like all of our clients, these co-ops have their auditor file an
Marketing and Maintenance Checklist
Keeping Your Co-op Full
Monthly Management Reports to the Board
Ready for your Annual General Meeting (AGM)?
Did you know your membership doesn’t need to approve your audited financial statements? Fact! If you check your provincial co-op act, you’ll see that co-ops just have to present the statements, which their members receive for information. So don’t delay your annual filings with the Agency until
Tip of the Month
Vacancy Loss
The number of Agency clients reporting vacancy losses of more than $250 per unit per year has fallen 50% since 2007. While vacancy rates are local, these numbers show good management.