With 2020 underway, we’d like to share some significant moments from the past year. From taking on our first international clients to introducing new features to growing our team, it’s certainly been one to remember.
2019 by the numbers
- 63,000 votes and proxies collected
- 68,000 agreements to receive notices electronically collected
- 1,150,000 notices sent electronically
- 13,000,000 sheets of paper saved
- 250 bylaw campaigns
- 26 declaration amendments assisted
- 400 candidate nominations received
Earlier this year, we began our expansion into the American market, focusing on Florida. To help the GetQuorum name gain traction, we attended a variety of conferences around the state. It was similar to when we were just starting out here in Toronto, but with much more experience.
As a result, we were able to sign our first client, a building in South Beach. We’re excited for the opportunity and are looking forward to bringing our learnings from this new path to all of our existing clients. More information is available via the link below.
An uptick in declaration amendments
In 2019, we were a part of 26 declaration amendments. Requiring a minimum of 80% support from owners, this can be among the most daunting of tasks for property managers.
A significant amount of these declaration amendments involved banning Airbnb and other short-term rental units. These units have proven to be disruptive to all types of buildings in a variety of different locations. As such, it’s no surprise that assistance in removing them is in high demand.
As a result of a number of new short-term rental regulations from the Local Planning and Appeal Tribunal in the GTA, this landscape is likely to shift in 2020. Perhaps the most notable of these regulations is the requirement that only primary residences may be rented out short-term. This update is aimed at eliminating “Ghost hotels”, residential building units that operate as pseudo-hotel rooms. It’s likely that many buildings will be impacted. In fact, it’s estimated that many as 5,000 long-term rental units could return to the market.
While this regulation is a step in the right direction, it still requires enforcement, which will be challenging on such a large scale. Because of this, declaration amendments banning these units will still be of high value.
If you’re interested in learning more about declaration amendments, particularly how they relate to Airbnb, we encourage you to read our blog post on the subject. To start organizing a declaration amendment in your building, contact us today.
Rolling out the Candidate Nominations App
We understand that the process of nominating board members can be challenging and time-consuming. From finding candidates to gathering information to verifying details, there are a number of tasks that require significant effort.
That’s why we introduced the Candidate Nominations App. This convenient, easy-to-use app encourages owner participation while also streamlining this complicated function. As of now, it’s been very popular, with roughly 400 nominations completed through the app.
If you haven’t already, we encourage you to see how it can help your building.
Read: Learn more about the Candidate Nomination App >
Growing the GetQuorum team
As business has expanded, our team has as well. In fact, 2019 saw our staff grow from 5 to 10. It’s something that would not have been possible without all of our valued clients, and we appreciate your support and trust along the way.
With a larger team, we found ourselves on the hunt for a larger space. After a short search, we tracked down a terrific new spot. Making matters even better, it’s not too far from our original location.
With all that said, we’re grateful for another year full of amazing experiences with everyone we work with. We appreciate your time and hope to make 2020 our most memorable year.