New Jersey rental restrictions: What your HOA community should know

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  • Emergency Preparedness: Is Your High-Rise Ready?

    Sep 13, 2017

    Our Community Manager, Erin O’Reilly, CMCA, AMS, PCAM, has been published in the August 2017 issue of CAI New Jersey's Community Trends magazine. Her article highlights the importance of emergency preparedness and the appropriate procedures you can implement in your high-rise if a disaster strikes.

  • hoa board treasurer

    6 qualities of an effective board treasurer

    Aug 18, 2017
    The board members of your community association serve many important leadership functions. Although they may have diverse backgrounds and skill sets, they are all committed to the common goal of bettering your community association, taking actions that ensure its financial health, enhancing property values and improving the lifestyles of the residents. What can happen if you don't have an effective board treasurer?
  • Choosing the right banking program for your New Jersey community association

    Aug 14, 2017

    As a community association board member, one of your chief responsibilities is to protect the financial interests of your association and your fellow residents. That includes making sure that the association’s reserve and operating funds are carefully managed, protected and invested. Smart decision-making and sound financial stewardship are critical to the association’s long-term financial stability and health. Read on…

  • 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.

  • hoa finances

    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.