Rylin Consulting provides services that include the preparation of reserve fund studies and depreciation reports for condominium and strata corporations, or other organizations requiring such reports in Alberta and British Columbia. We work primarily in Southern Alberta and in Vancouver Island. Areas serviced include, but are not limited to, the following: Alberta - Calgary and surrounding municipalities such as Canmore, Chestermere, Cochrane, and Okotoks; British Columbia - Comox, Courtenay, Campbell River, Parksville, Nanaimo, and the Victoria region.
Condominium fees (known as strata fees in British Columbia) are required from condo owners not only to pay for annual operating expenses for the condominium but also for making contributions to a reserve fund. This fund is used to pay for major repairs and replacements of common building components and site improvements.
To determine what appropriate contributions should be, Rylin Consulting will...
- Work with you to understand your specific situation and determine your needs in a way that respects your time, and
- Prepare a practical and cost effective reserve fund study (known as a depreciation report in British Columbia) that will include clear recommendations. All studies or reports will be prepared by a Certified Reserve Planner.
The resulting report is primarily a financial document that will help the board of directors or the strata council plan for current and future levels of contributions to ensure that funds are available when capital expenditures are needed to repair or replace major components at the end of their life cycle.