Demystifying Maintenance and Repair Roles for Residents in Your HOA
Posted on Wednesday December 20, 2017
How well do homeowners in your community association understand maintenance responsibilities? pYou 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.
Preventing HOA Issues When Snowbirds Fly the Coop
Posted on Wednesday December 13, 2017
As Minnesotans anticipate spending the winter months knee-deep in snow, it’s likely that some residents in your homeowners association (HOA) are anticipating spending their winter in a warmer climate.
Protecting Your Community Association from Fraud & Embezzlement
Posted on Friday September 29, 2017
It’s only natural for someone living in a condominium or homeowner association to assume you can trust your property management company to safeguard your financial wellbeing. And at FirstService Residential, we take that trust to heart.
True Financial Stability
Posted on Tuesday September 26, 2017
A strong, healthy association requires every facet of property management to work in sync toward one common goal...true financial stability.
Smart Financial Planning
Posted on Monday September 25, 2017
Safeguarding an association’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 association and its members by making sure all funds are properly managed, invested and protected.
Understanding Community Association Reserves and Reserve Studies
Posted on Tuesday September 12, 2017
One of the most important responsibilities your community'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 community association has adequate funds when the time comes. That’s where reserve funds come into play.