Articles

Read all about it!  Here are some recent examples of how FirstService Residential New Jersey has been making news. 

 

Seven Tips to Finding a Reserve Study Firm

Your reserve fund is what helps your association anticipate its future– and budget for it, too. This fund gives you the power to maintain the quality of your community by allowing for projects that are both necessary and expensive (like a future roofing or paving project, for instance).

Posted on Wednesday August 02, 2017 read more

Easy Steps to Help Complete Your Next Association Budget

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 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! 

Posted on Tuesday August 01, 2017 read more

Planning for L.E.A.D.S. 2017 is underway

FirstService Residential is proud to announce L.E.A.D.S. 2017 will take place on Wednesday, September 27th at the Convention Hall in Asbury Park, New Jersey. We are excited to report that our biannual event is now taking place annually! Our educational, networking event is focused and shaped on the attributes of Learn, Evolve, Achieve, Deliver, and Succeed.

Posted on Friday July 14, 2017 read more

How Your Association Can Minimize Risk During Power Outages and Blackouts

Losing power is never fun. But it’s bound to happen at some point, so preparation is the best defense. Different types of communities are affected by blackouts in different critical ways: high-rises lose their elevators and water; resort-style gated communities lose the ability to operate their gates. For residents, a blackout may be a short-term nuisance. For a community association, it can be a major headache in terms of risk management, safety and potential equipment damage that can provide an unwelcome shock to your budget.

Posted on Monday July 10, 2017 read more

Six Essential Tips For New HOA Board Members

Congratulations are in order – you’ve just been elected to the board. So now the big question: What’s next? Follow these new board member basics and you’ll soon be governing like a pro.

Posted on Wednesday July 05, 2017 read more

Emergency Preparedness: What You Need to Know, and How Your Property Management Company Can Help

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.

Posted on Thursday June 29, 2017 read more

Do You Know How to Establish Board Member Succession?

Just as in any successful business organization, succession is an integral part of a healthy community association board. Planning ahead, and planning strategically, provides for a more seamless operation for your board. When individuals are prepared for and knowledgeable about a role, they can hit the ground running immediately after the election. Here are several ways you can help make this happen.

Posted on Thursday June 22, 2017 read more

Choosing a New Management Company: Look for a Team Approach

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. 

Posted on Monday June 19, 2017 read more

Planning Your High-Rise Maintenance and Capital Improvements

Maybe this has happened to your high-rise association: An unexpected capital expense finds your condominium’s board of directors needing to impose a special assessment. Establishing a plan for your building’s maintenance and capital improvements is not only important for your budget. It can also prevent life-threatening catastrophes. So what does it take to put together a program that protects both the health of your association’s finances and the safety and lifestyle of your residents? Find out in our interview with Phil Pool, vice president at FirstService Residential.

Posted on Thursday June 15, 2017 read more

The Best Service from Your Management Team Starts Before You Ask

You want your community association management company to respond when you need them. Shouldn’t a good management company be able to foresee some of your association’s needs and meet them before you ask? That’s the principle at the heart of proactive service, when emergencies are prevented rather than responded to. The best service is proactive, but its very nature – preventing problems before they arise – means that it can be hard to spot. So how do you know that your community association management company is being proactive on your behalf? Read on for some ways you can tell if your management company is behaving proactively.

Posted on Thursday June 15, 2017 read more

Beyond the Manager: Discover the Value in Your Management Company

We all want to get the most for our money, and your community association is no different. When hiring a management company, it’s easy to focus on the bottom-line price and not understand the differences in real value among the proposals you see. The right community association management company will provide you with so much more than a good manager. 

Posted on Thursday June 15, 2017 read more

If Disaster Strikes, Is Your Community Association Covered?

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. Association members can also sue the board for not having the correct insurance in place; it’s an important part of your financial responsibility. That's why it is important to make sure your Association is covered with insurance. 

Posted on Tuesday June 13, 2017 read more

Protecting Your High-Rise with a Preventative Maintenance Plan

Chances are that you don’t associate your high-rise building’s preventative maintenance plan with Benjamin Franklin. However, his well-known adage “By failing to prepare, you are preparing to fail” couldn’t be more relevant, according to the Director of Project Services, Frank Fittipoldi, in the High-Rise Division at FirstService Residential in New Jersey. That’s why he recommends that every high-rise condo or co-op board put together a detailed preventative maintenance plan for their building. Start to create your plan with these tips.

Posted on Wednesday May 24, 2017 read more

New Jersey Resale Certificates and Packages – Why They Matter When You Buy a Home

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.

Posted on Tuesday April 25, 2017 read more

Four Secrets to Great Communication in Your Association

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.

Posted on Monday February 06, 2017 read more

Cyber Security: How Community Residents Can Protect Their Tech

Why should cyber security be so important to community associations? Do you know what important steps residents in your community can take to protect their technology so that sensitive information doesn’t fall into the wrong hands? This article provides guidelines on how to prevent cyber attacks and tips on increasing cyber security.

Posted on Monday February 06, 2017 read more

Creating a New Revenue Stream from Your Amenities

Savvy boards are always keeping an eye out for ways to maximize revenue. If you’re interested in ramping up your revenue streams, take a look around and imagine the possibilities. Read tips on how you can generate cash flow from your existing amenities. 

Posted on Wednesday February 01, 2017 read more

Cyber Safety Tips: How Your Board Can Help Keep Your Association Safe

Technology has made so many facets of running any business easier. With all of that technology comes some risks. Hackers make careers out of trying to access data for fun and profit. But there are things that you, the board, can do to help keep your community data safe.

Posted on Thursday January 26, 2017 read more

How To Make Sure Your HOA Board Communicates Effectively

Community association residents expect and rely on consistent information from their community management associates, as well as board members. Consider these questions as a roadmap to great communication that will keep everyone on the same path.

Posted on Wednesday January 25, 2017 read more

How to Successfully Implement a New Budget

You’ve done all the homework. Crunched the numbers. Your reserve study is complete, your vendor agreements have been checked and your budget is done! Now what? There’s an entire process to creating the budget, followed by implementing it, and clear communication to homeowners, through every step of the process, is the best way to avoid problems.

Posted on Monday January 23, 2017 read more
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