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  • Seven Essential Financial Best Practices for Your Community Association

    Aug 11, 2017

    Community associations can be wonderful. They have amenities that otherwise might not be so close to home, like a community pool, fitness center, golf course or riding trails. Being part of a managed community often means having shared interests with your neighbors, imparting a sense of community that isn’t easy to achieve in an ever-transient world. It means that everyone abides by the same high aesthetic standards. But none of that happens without stable finances, including a balanced budget and a well-funded reserve.

  • Five Steps You Can Take to Maintain Your HOA’s Financial Fitness

    Aug 11, 2017

    The principles to fiscal fitness and physical fitness aren’t that different: Don’t overindulge. Make smart choices. Keeping your community association’s finances healthy requires care and exercising good judgment. Follow our tips to help you do that.

  • Is Your Community Staffed Adequately?

    Aug 10, 2017
    Staffing your community association is both an art and a science. Your community’s culture and lifestyle are supported by the staff you choose, and it’s important to make sure that you’ve got the right people in the right positions, and enough of them. Properly staffing your community goes far beyond having people to answer the phone and handle packages or keep the pool clean and tidy.
  • Seven Tips to Finding a Reserve Study Firm

    Aug 02, 2017

    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).

  • Easy Steps to Help Complete Your Next Association Budget

    Aug 01, 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 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! 
  • FirstService Residential Highlights the Importance of Service

    Jul 10, 2017
    Our Community Manager, Carol Nickerson, CMCA, has been published in the June 2017 issue of CAI New Jersey's Community Trends magazine.
  • How Your Association Can Minimize Risk During Power Outages and Blackouts

    How Your Association Can Minimize Risk During Power Outages and Blackouts

    Jul 10, 2017
    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.
  • Six Essential Tips For New HOA Board Members

    Jul 05, 2017
    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.
  • Emergency Preparedness: What You Need to Know and How Your Property Management Company Can Help

    Jun 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.
  • Do You Know How to Establish Board Member Succession?

    Jun 22, 2017
    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.