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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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Earthquake Preparedness Tips for Your Community Association

Posted on Tuesday February 06, 2018

As unpredictable as earthquakes can be, your community association should be prepared in case you ever feel the unmistakable rumble of a tremor. Here’s what you need to know.

What Do I Need To Know About Floods?

Posted on Friday January 26, 2018

2016 saw the United States swamped in a record year of flooding, the most since record keeping began in 1980. Devastating flooding swept Louisiana, West Virginia, Texas and Maryland, costing billions in damage. In Canada, about half of all natural disaster costs are incurred from flooding, reaching into the billions of dollars in recent years.

How Should We Prepare for and Respond to a Flood in Our High-Rise Building?

Posted on Thursday January 25, 2018

Floods are one of the most common types of natural disasters. They can also be the most detrimental for high-rise buildings. The nature of these buildings makes them particularly vulnerable to flooding caused by severe storms. It may be instinct to think “but I’m several stories above the ground – I’m not at risk for flooding!” However, many of the critical systems in high-rise buildings, including boilers, elevators, generators and water pumps, are located underground, sometimes several levels underground, and the risk to those systems in a flood is high.

What’s Missing From Your Community Association’s Budget?

Posted on Thursday November 30, 2017

Every year about the same time, your community association board is most likely creating its budget for the following year. Learn about seven commonly neglected items in community association budgets that you may be missing.

Mold: How Should Your Association and Homeowners Handle It?

Posted on Friday November 10, 2017

No one wants to find mold in their home or any association building. Unfortunately, mold is ubiquitous – it’s in the air and in the water, and when given the chance, it spreads like crazy. Learn steps to prevent mold or to have it assessed and properly treated, preserving your buildings and the health of your residents.

How Can My Association Fund Capital Improvements?

Posted on Thursday November 09, 2017

Nothing lasts forever…and when it comes time to replace your high-rise roof, community pool or to add new amenities, your association will need to determine how to pay for it. All of these things – significant repairs and replacements, as well as new construction – are considered capital improvements.

Active Shooter Training: What Should Your Community Do?

Posted on Wednesday November 08, 2017

More than 1.4 million Americans have been killed by gunfire since 1968. Many of those shootings were accidental; some were suicides; some were at the hands of law enforcement officers in the line of duty. But many were not. Mass shootings, meaning that at least three people were killed by gunfire, have become an almost daily occurrence in the United States, with instances increasing each year since 2000, and many instances becoming more deadly. Thankfully, incidents of violence in community associations are rare, but unfortunately, they do occur.

What Is a Balance Sheet? Why Do I Need to Understand Them?

Posted on Monday October 30, 2017

The chief responsibility of a community association board member is to preserve, protect and enhance the community. That includes, above all else, its financial health. But you can’t affect the financial health of your community if you don’t understand where it is when you join the board. Balance sheets are the best tool for gaining that basic understanding.

Why Does Our Association Need an Annual Insurance Review?

Posted on Thursday October 12, 2017

You know that your association needs to have the right insurance coverage in place. So you have property coverage, liability insurance, workers’ compensation, directors and officers (D&O) and an umbrella policy in place. Premiums are paid regularly and on time. Did you know that’s not enough?

Preventing Community Association Fraud: Part Two – Your Property Management Company’s Role

Posted on Monday October 09, 2017

Fraud can strike just about any association – even one that is professionally managed – regardless of how small or large your community may be. However, a good property management company will have checks and balances and other security measures in place to help reduce the risk.

 

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