Overview
AA Property Management & Associates Inc. has been serving the condominium industry since 1986. As we look back retrospectively, we feel the demand for condo professionals is increasing. Today’s condo lifestyle is not the same with the one of twenty or thirty years ago. It has become progressively more demanding and complex. Standard of living in Ontario and Canada for that matter has scored high and is targeting higher.
AA Property Management & Associates Inc. has come to the side of the Board of Directors on the common goal to properly and professionally manage the assets of the condominium. We provide efficient and innovative solutions for each and every Corporation we manage. It is our intention to service our communities’ immediate needs while being mindful on the long term strategies. Our philosophy of sound is to operate within today’s technology, using yesterdays experience in order to create the best future for our clients. It is our policy to control our growth and therefore, we do not attempt to contract new corporations unless we have the capacity to manage properly and professionally.
AA Property Management & Associates Inc. is a member of ACMO and CCI for over 25 years and has a staff of managers and administrators, many of whom carry the ACMO-RCM designation.
AA Property Management & Associates Inc. is an ACMO 2000 certified company, a certification that is only given after intensive auditing and investigating by the staff at the Canadian Business Development Bank (ISO 9000). We are the 22nd company in Ontario to attain this level of certification. Our systems are flexible and can be amended to suit your needs.
CONDOMINIUM SERVICES
Full Range of Top-Of-The-Line Condominium Services
“We at AA Property Management & Associates provide, but are not limited to”
Looking after building maintenance and repairs to achieve the highest expectations of our clients.
Inspection and repairs of mechanical, electrical and physical components of the building.
Implementing preventative maintenance programs.
Financial services such as budgets, financial statements, banking, accounts payable, receivable, bookkeeping and other record keeping duties.
Collecting of the common element fees.
Referring to and enforcing Condominium Act, Employment Standard Act, Occupational Health and Safety Act, Labour Relations Act, Workplace Safety and Insurance Act, Human Rights Code, Ontario Building Code, etc.
Referring to and enforcing Declaration and pertinent Rules and By-laws. Staff managing, etc.
FINANCIAL STATEMENTS
Proven Easy-to-Read and Easy-to-Understand Financial Statements
Simple to understand Balance Sheet
Income/expense statements with a detailed breakdown of the operating expenditures
Trial balance
The listing of the cash disbursement
Chart of investments
Bank reconciliation
Business banking statements
Listing of the accrued liabilities
Accounts payable
Account receivable
General ledger
Pertinent expenditures of the reserve fund
OTHER FINANCIAL SERVICES
List of Financial Services
Comprehensive financial reporting to the board of directors
Short and long term planning of the reserve fund for major repairs and replacements of the common elements
Managing the collection and deposit of the maintenance fees
Collection of the arrears and managing pertinent legal process associated with collection of delinquent accounts
Preparing accounts payable cheques for suppliers based on the strict and rigorous system of purchase orders and work orders
Administration of the payroll with direct deposit with ADP Canada
Preparing annual budgets
Managing banking agreement between A.A. Property Management and Associates Inc. and other financial institutions on behalf of our clients for earning best possible interest rates. We are working closely with BMO, Scotia Bank, RBC and TD
Managing pre-authorized payments of the CEF’s for the clients who choose this option
Planning and arranging for the on-time preparation of the audited financial statements
Managing the registration and discharging of liens as per the Condominium Act
SECOND TO NONE INDUSTRY WIDE CUSTOMER SERVICES, ADMINISTRATION SERVICES , CONSULTING SERVICES AND MUCH MORE
