Financial Management

Financial Management

Property Management through Meaningful Connections

Our comprehensive Strata Property Management services include:

Financial Statements

Our dedicated in-house Accounting department produces monthly financial statements recording an accurate accounting of all revenue and expenses for your strata corporation.  You will receive a detailed financial statement by the 15th business day of each month, including bank statements and reconciliations, general ledger, invoice and cheque copies.

Annual Budget

We prepare your operating budget for your strata property, including year-end figures and/or projections. The proposed budget is explained in detail, and following Council approval, presented to your Owners at the Annual General Meeting.

Strata Fee Collections

We attend to the regular collection of strata fees and aggressively pursue arrears using proven methods, ensuring maximum cash flow to your property.

Special Assessments

We attend to the administration and collection of approved special assessments and aggressively pursue arrears using proven methods, ensuring maximum cash flow to your property.

Payroll Administration

We provide comprehensive payroll services for site staff, where required, ensuring all employment requirements and remittances are met and properly administered on your behalf.

Payment Options

For the convenience of our clients, we offer the use of pre-authorized bank debit, online banking, and post-dated cheques, for the payment of strata fees and/or special assessments, as well as rent payments.

Trade/Utility Payments

We maintain strong relationships with our trades by ensuring that all approved invoices are paid promptly. Utilities are paid online and on time.  Repairs and maintenance are inspected/verified prior to payment.

Bank Account Management

Separate trust accounts are maintained for your strata corporation (Contingency Reserve Fund, Operating Account, Special Assessment (if necessary)), administered in accordance with the requirements of the Real Estate Services Act.

Individual Strata Fee Statements

We issue monthly account statements to each strata lot Owner with a balance owing to the Strata Corporation.

Contingency Funds

We provide information with respect to the investment of Contingency Funds in secure, liquid investment instruments, to maximize return on these funds, while ensuring regulatory compliance.

Pacific Quorum offers strata property management services throughout Metro Vancouver, the Fraser Valley, Whistler & the Sea to Sky Corridor, the Okanagan Valley, and Vancouver Island.