Easy Steps to Help Complete Your Next Association Budget
Posted on Monday July 31, 2017
Budgeting can be tough. It involves looking at priorities and the needs and wants of your community, the money coming in and going out and making it all balance. Crafting a responsible, effective budget is one of the primary ways that your Maryland community association board members fulfill their fiduciary responsibilities to the community. Planning ahead and knowing what’s expected will help make the process painless and smooth!
If Disaster Strikes, Is Your Community Association Covered?
Posted on Wednesday July 05, 2017
Mother Nature has quite the surprises to throw at us! Sometimes, there’s some notice and time to prepare. But often, there’s no warning at all. That’s why it is critical to the financial health of your community association that you have the correct insurance coverage in place. What can happen if your high-rise building or community association common areas aren’t properly covered? Unfortunately, nothing good. That's why it is important to make sure your Association is covered with insurance.
Emergency Preparedness: What You Need to Know, and How Your Property Management Company Can Help
Posted on Thursday June 29, 2017
Although you can’t predict emergencies, you can prepare for them. The most important thing that both board members and management can do to ready themselves for the unexpected is to create a customized emergency preparedness plan. A quality community association management company will have the experience, resources and knowledge to help you develop a plan that fits your specific situation.
Choosing a New Management Company: Look for a Team Approach
Posted on Monday June 19, 2017
What should you look for in a prospective community association management company to help avoid a rough transition? How can your association avoid financial missteps and pitfalls when switching from one management company to another? Make sure that the management company you are considering has the resources you need in every aspect. Transitioning to a new company is simply too large a task for one manager to handle! A team approach is the best way for a professional community association management company to handle a transition.
Six Essential Tips For New HOA Board Members
Posted on Monday June 19, 2017
Congratulations are in order – you’ve just been elected to the board. So now the big question: What’s next? “The great thing about associations that are helmed by owners is that they have a vested interest in doing right by their community,” said Kirk Kowieski, CMCA, AMS, vice president of FirstService Residential. “But that also comes with challenges...many board members find themselves in this kind of position for the first time, so there’s a little bit of a learning curve.” Fortunately, FirstService Residential is here to help. Follow these new board member basics and you’ll soon be governing like a pro.
Maintenance Styles: Which One Fits You Best?
Posted on Tuesday May 23, 2017
If you’re part of your community association’s board, you know that it’s important to budget for regular upkeep of landscaping and grounds, common areas, By budgeting for routine maintenance and upkeep, you can extend the life of almost everything in your community. Read more on which preventative maintenance style you are.
Why Have a Preventative Maintenance Plan for Your Maryland High-Rise?
Posted on Thursday May 18, 2017
Budgeting accurately for your high-rise maintenance needs will not only save money over time, it will also reduce the risk of losing services. As we all know, happy residents make a happy community, and no one’s happy when the HVAC is out or units get flooded thanks to a completely preventable cause. We sat down with Robert Kirby, regional building engineer at FirstService Residential to talk about the importance of a preventative maintenance plan.
Maryland Resale Certificates and Packages – Why They Matter When You Sell a Home
Posted on Tuesday April 25, 2017
For most people, buying a home is the largest investment they make. We all know there’s a lot of paperwork that comes with buying a home, and although it can seem overwhelming, that paperwork is vital for the protection of the buyer, the seller and the community in which the home is located. If you are buying or selling a home in managed community, a resale package is a critical part of that. What is a resale package and why is it important? How do you get one and when do you need it? We sat down with our Director of Resale to get the answers to these and other important questions.
Four Secrets to Great Communication in Your Association
Posted on Monday February 06, 2017
There’s one challenge that plagues all board members, regardless of experience: communication. Part art and part science, communication is the key to building strong relationships and effectively meeting your obligations as a board member for your community association. Here are a few quick tips to ensure communication is flowing in your association.