Active adult couple stretching outside, facing forward and smiling
Preventing HOA Issues When Snowbirds Fly the CoopDec 13, 2017As 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
Protecting Your Community Association from Fraud & EmbezzlementSep 29, 2017It’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
True Financial StabilitySep 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
Smart Financial PlanningSep 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
Understanding Community Association Reserves and Reserve StudiesSep 12, 2017One 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.
Association Budgets: Mapping Out Your Strategic Plan
Association Budgets: Mapping Out Your Strategic PlanJul 25, 2017Dive into the details of creating a strategic plan for your homeowners association.
Cartoon graphic of clipboard and documents with words, Uncover the secrets to establishing an annual budget and sound financial planning
Association Budgets: Things to Consider When Creating Your Association’s BudgetJul 24, 2017As a homeowner, you want to live in a place that accentuates your style – from a beautiful entrance monument or exquisitely decorated building lobby, complete with freshly pruned trees and lush landscaping – but unless your association board has strategically planned out your community’s budget, you can forget all of that. The budgeting process is a valuable opportunity to explore the current financial condition of your association and ensure its financial stability for the future.
Clipboard with graphs and a 3-D bubble on top
Association Budgets: Creating a Road Map to SuccessJul 19, 2017It’s budget season! Are you stressed? Concerned about a potential dues increase or large capital project looming in the future? The word ‘budget’ can be scary, so thinking about creating next year’s budget is daunting for many homeowner boards. We’d like to change that.
Community association members sitting at a cluttered desk and loosely conversing
10 Meeting Myths in Community AssociationsJul 18, 2017There are several reasons why you might be having trouble. Let's dispel some common meeting myths and explore what it takes to run a good one.
Female HOA board member smiling, leading a meeting with various people sitting at a table in suits
Board Basics: Defining Residents’ Rights and Responsibilities Creates a Happy CommunityMay 11, 2017When it comes to community living, a little bit of knowledge can pay off in a big way. When residents are fully informed about their rights and responsibilities and what they can expect from their homeowners association – including what they’re expected to contribute – it can go a long way towards creating an HOA community that is friendly, efficient, serene and yes, even happy.