What the new Fannie Mae and Freddie Mac condo rules mean for buyers and boards

The best property management companies agree that meticulously groomed landscaping is vital to enhance your property’s curb appeal. Industry research shows that investing in green spaces is among the top five property improvements that increase ROI return on investment for homeowners, communities and homeowner associations. It is clear that selecting the proper landscaping company is of the utmost importance, but how do you determine which company is right for your community?

For many communities, responsive service from a property management company is the best they can hope for when it comes to issue resolution. But what if you required more from your property management team? What if you held them to a higher standard, demanding that they address challenges early enough so that they never become full-blown issues at all?

If you’re on the board of a condo, co-op, high-rise or HOA, you know that managing your community’s budget is a major priority. You’ve likely explored many ways to save money and get the best deals, while still maintaining a high level of service.

As anyone on a condo, co-op or homeowner association (HOA) board knows too well, board meetings can be extremely delicate situations. Board members don't always agree with each other, discussion about a single, minor issue can eat up entire meetings, and those who speak the loudest aren't always looking at the issues with the best perspective. Some days, it may feel nearly impossible to get anything done.

Realizing that energy conservation and managing HOA community environmental footprints is crucial, board members have a responsibility to homeowners to exercise financial prudence and proactively seek ways to manage rising costs.

Today's Baby Boomers are prompting some active adult communities to re-examine how to remain relevant, appealing and responsive to residents' needs, according to Michael Mendillo, president of FirstService Residential's Mid-Atlantic division, and Robert Misurel, director of Planning & Development for the company's Lifestyle Division.

Missouri’s Curry Association Management, the newest member of the FirstService Residential family, was recently honored for its substantial efforts and ongoing commitment to the Police Athletic League (PAL) of Kansas City, which provides a safe and stable haven for the area’s underprivileged youth.

FirstService Residential's Bill Worrall discusses the hidden costs of DIY maintenance and repairs and provides great insight into how boards can determine what can be done in house and what should be subbed out to appropriate contractors.

Our New York office is profiled in the November/December issue of the Mann Management Report.  

On October 28, the eve of Superstorm Sandy’s one-year anniversary, Fox Business News aired a powerful segment featuring Chuck Fallon, FirstService Residential CEO. 

Gene Gomberg, Chairman of FirstService Residential, was honored as an Ultimate CEO/Chairman by the South Florida Business Journal.

Dan Wurtzel, president of property management at our New York office, was tapped as a thought leader in an article about seasoned board members in the Cooperator. Dan discusses how uncertainty about building knowledge and the position’s requirements can be detrimental to productivity, as well as some of the services the company provides to help both new and experienced board members become more effective in their roles.