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Here’s where you’ll find recent articles about FirstService Residential, as well as our impact on the areas we serve.

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Smart Financial Planning

Posted on Thursday September 21, 2017

Safeguarding a condominium corporation’s operating and reserve funds is one of the main fiduciary duties of all board members, not just the treasurer. This means that boards must protect the financial interests of the corporation and its members by making sure all funds are properly managed, invested and protected.

Preventative & Predictive Maintenance are Critical to Your Replacement Reserves

Posted on Thursday September 14, 2017

Reserve Fund Studies are based on the assumption that components will reach their maximum useful life. However, if a preventative maintenance plan doesn’t accompany your reserve study, it’s highly unlikely some components will ever reach their maximum useful life. 

Understanding Condominium Corporation Reserve Funds and Reserve Studies

Posted on Tuesday September 12, 2017

One of the most important responsibilities of your condominium corporation's board of directors faces is effectively planning for major common-area repairs and replacements. Whether a costly expenditure is needed in a few years or not for 20, it’s the board’s fiduciary duty to make sure your condominium corporation has adequate funds when the time comes. That’s where reserve funds come into play.

Condominium Corporation Budgets: Mapping Out Your Strategic Plan

Posted on Tuesday July 25, 2017

Get the details on creating a strategic plan for your community.

Condominium Corporation Budgets: Things to Consider When Creating Your Budget

Posted on Monday July 24, 2017

The annual budgeting process offers an opportunity for your board to explore your condominium’s current financial condition and to ensure your community’s financial stability for the future. Successful condominium management hinges on a well thought out budget for both short-term and long-term planning. 

Condominium Corporation Budgets: Creating a Road Map to Success

Posted on Wednesday July 19, 2017

It’s budget season! Are you stressed? Concerned about a potential dues increase or a large capital project that’s looming in the future? The word “budget” can be scary, so thinking about creating next year’s budget is daunting for many homeowners boards. We’d like to change that.

Tips to Create a Rooftop Oasis

Posted on Thursday March 09, 2017

Enhancing the lifestyle of your high-rise property requires starting at the top – the rooftop, that is. By taking advantage of this space to offer creative and imaginative amenities, you’ll not only increase property values, but you’ll also provide a gathering place for residents to relax and connect. Great rooftop spaces also have a way of infusing more resort-style living into your high-rise.

The Seven Financial Must-Do’s for Condo Corporation Success

Posted on Thursday March 02, 2017

There are so many things to enjoy about living in a condominium community. Among them are the sense of community, the great amenities and the high standards. However, if your condo corporation’s finances aren’t stable, none of it is possible.

The Six Ways a Condominium Management Company Adds Value

Posted on Thursday February 23, 2017

If your condominium corporation is self-managed, you may think everything is going along just fine. But what you may not realize is just how much a professional condominium management company could improve your community and how much money it could save your corporation in the long run.

Five Fundamental Roles on Your Condominium Board

Posted on Tuesday February 21, 2017

To be successful, a condominium community needs a dedicated Board of Directors who understand their roles and responsibilities and are committed to fair representation of the residents they have been elected to serve.

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