Here’s where you’ll find recent articles about FirstService Residential, as well as our impact on the areas we serve.
If you’re on the board of your condominium or homeowners association (HOA), you undoubtedly take your fiduciary duty quite seriously. Part of your responsibility to protect the association’s interests includes finding the best insurance coverage at an affordable price. This may be easier said than done. Association insurance can be complex, and most board members are confused about the types of coverage they need and how each one works.
Your association should never have to rely on a special assessment for a capital expense that could have been foreseen – or even prevented. Here are five tips to keep your Chicago high-rise condominium association's budget in the black and keep up with maintenance and capital improvements.
Sooner or later, every homeowners association (HOA) or condominium association has to invest in capital improvements. Whether that means installing a new heating and cooling system in your high-rise building, replacing the roof on your clubhouse or upgrading the equipment in your fitness center, you can’t overlook these long-term, big-ticket items. But what’s the best way for your association to pay for them?
Keeping your property maintained and making needed improvements are important aspects of your community’s financial health. To manage these crucial responsibilities effectively, you need to stay on top of day-to-day projects, as well as create and adhere to a long-range plan. What does it take to make those goals a reality?
One of the most challenging aspects of being on the board of your homeowners association (HOA) can be running board meetings. It’s not always easy to keep everyone tuned into the business at hand. In addition, you have to manage the inevitable disagreements among board members. How do you keep these meetings running smoothly?
Whether you’re on the board of a single-family homeowners association (HOA) or a high-rise condo association, your community depends on volunteers to operate successfully. However, finding residents who are willing to be on your board of directors, join a committee or help at an event can be challenging.
Humans are social creatures with a deep-seated yearning for connection and community. This is particularly evident in a condo association or HOA, where a strong sense of community can be the difference between long-standing residency and high turnover.
How well do homeowners in your condo association understand maintenance responsibilities? You might think that responsibilities for maintenance, repairs and replacements would be straightforward enough – what’s inside the condo unit is the homeowner’s, and what’s outside is the association’s.You might think that responsibilities for maintenance, repairs and replacements would be straightforward enough – what’s inside the condo unit is the homeowner’s, and what’s outside is the association’s.
As Illinois anticipates spending the winter months knee-deep in snow, it’s likely that some residents in your condo or homeowners association (HOA) are anticipating spending their winter in a warmer climate.
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