Articles


Here are some recent examples of how FirstService Residential New York has been making news.
 

FirstService Financial Helps Co-op Reduce Annual Debt Cost by 23 Percent

Ardsley Tenants Corporation, a co-op proudly managed by FirstService Residential, had an existing first mortgage maturing January 1, 2018 with a principal balance of approximately $12 million. Understanding the board’s concerns and long-term debt preference, and factoring in the building’s financial needs, our affiliate FirstService Financial provided several options for consideration, including interest only loans, 30-40 year amortizing loans, and hybrid structures.   “FirstService Financial’s proactive suggestions and feedback over the last three years allowed us to accurately gauge the most appropriate time to move forward with refinancing our existing debt,” said Steve Martin, Ardsley treasurer. “Their professional guidance throughout the process, lending expertise, and extensive track record was a fantastic benefit offered through FirstService Residential as our management company.”  

Posted on Tuesday November 14, 2017 read more

Making a Difference. Every Day. FirstService Residential’s Size and Scope Offers Unique Benefits to Residents and Boards

Imagine an energy-efficient, fiscally sound co-op, condo, or rental building with a responsive property manager, highly trained service personnel, and an around-the-clock customer care team available to assist residents. It’s not fiction; for more than 500 buildings, with over 70,000 apartments managed by FirstService Residential, it’s a daily reality.

Posted on Thursday November 02, 2017 read more

FirstService Residential Leads List of NYC’s Top Property Management Firms

FirstService Residential is first in the The Real Deal's recent ranking of top property management firms in New York City.

Posted on Wednesday November 01, 2017 read more

HOARDING: Best Practices for Condo and Co-op Boards

Did you know that hoarding can lead to serious (and sometimes fatal) hazards? Residents at your property who suffer from this debilitating disorder not only endanger themselves, but often become a hazard to the rest of the community. Download our whitepaper, "HOARDING: Best Practices for Condo and Co-op Boards," and ensure the safety of every member of your community!

Posted on Thursday October 26, 2017 read more

37th CNYC Housing Conference Provides Board Members With Unique Educational Opportunity

The Council of New York Cooperatives & Condominiums (CNYC) is hosting its 37th annual Housing Conference & Expo on Sunday, November 12, 2017. The full-day conference features 66 courses led by industry professionals and designed to help board members better understand the business of managing their building. Click to read more. 

Posted on Monday October 23, 2017 read more

Innovative Training Program Helps Building Staff Deliver Five-Star Service Experience to Residents

Recognizing the importance of providing an exceptional customer service experience to our clients, FirstService Residential launched an innovative training program for building staff in our managed properties.

Posted on Tuesday October 17, 2017 read more

New Heating Rules Effective October 1

New legislation requires residential buildings to set overnight temperatures to 62 degrees during the October 1 to May 31 heating season regardless of the outside temperature.

Posted on Tuesday October 17, 2017 read more

Can You Afford NOT to Pay for Cyber Security?

Leonor Vivona, associate vice president at FS Insurance Brokers, the in-house insurance brokerage for FirstService Residential, is quoted in this Habitat Magazine article discussing the significance of board-implemented protective measures for cyber security of NYC condos and coops. 

Posted on Wednesday October 11, 2017 read more

Turning Tragedy into Teaching at Morningside Heights

When a fire at Morningside Heights Housing Corp. tragically claimed the lives of two elderly residents, FirstService Residential General Manager Jim Hayden set out to organize a town hall event to reinforce the importance of fire safety for the residents of this 980-unit cooperative

Posted on Tuesday October 10, 2017 read more

NYC Mandates Buildings Dramatically Cut Greenhouse Gas Emissions

Mayor de Blasio announced in September new mandates that will force building owners to make sharp reductions in greenhouse gas (GHG) emissions. The new rules will oblige owners of buildings over 25,000 sq ft to meet fossil fuel caps.

Posted on Tuesday October 10, 2017 read more

FirstService Residential Associate Credited with Saving a Woman's Life

FirstService Residential associates are committed to making a difference, every day, for the residents in our care. One of our associates took this commitment to a remarkable extreme while heading to work at the onsite management office at 626 First Avenue on September 21, 2017. Arielle Bakoss is credited with saving a woman's life when a traffic light pole suddenly came crashing down.

Posted on Thursday September 21, 2017 read more

A Childproofing Checklist to Keep Your Little Ones Safe

Have you childproofed your home yet? Safety is key to protect your infant, so childproofing your home is essential. While every parent should start preparing the home before baby is crawling and able to get into all sorts of trouble around the house, there are also steps you can take before your baby arrives to make sure your home is ready. Our checklist can help put your mind at ease and prevent at-home injuries — no matter what stage your child is entering.

Posted on Wednesday September 20, 2017 read more

Communication to Renters: Why It Matters To Your Association

Does your board and management team communicate to the renters in your community? If no, why not? In communities where renters makeup a significant portion of the residents, they are often overlooked by the people running the community.

Posted on Tuesday September 19, 2017 read more

How To Throw A Community Swap Party

Whether it’s during spring cleaning or a back-to-school blitz, there comes a time when you realize that you have too much stuff. Get your community together for a swap party and find a new owner for your idle items! Here’s how to organize this type of event for your whole community.

Posted on Monday September 18, 2017 read more

How a Strong HOA Reserve Fund Affects Home Prices!

Reserve contributions are often relegated to “what’s left” status in the budget process, regularly characterized by Board members and homeowners, as a problem for future owners. We’ve been challenging this way of thinking for over 30 years, and finally, there’s proof that we hope will change the way HOA Reserve Funds are perceived – redefining them from a resented expense to a wise investment.

Posted on Wednesday September 06, 2017 read more

Encouraging Board Participation - How to Attract Talent

President of FirstService Residential Illinois, Asa Sherwood, is quoted extensively in this article by The Cooperator discussing the benefits of serving on an HOA board, how to prepare new board members for success, key components that make a strong board member, how board meetings should be appropriately operated, and the importance of committees.   

Posted on Tuesday August 15, 2017 read more

Peace of Mind at The Pet Resort

Planning a family getaway? Forget asking the neighbor’s kid to feed the dog while you’re away – give yourself peace of mind and take Fido to a boarding facility. With options like daily walks, puppy playtime, special toys and treats, plush bedding and even swimming, these pet resorts make it their job to pamper your pooch so you can enjoy your holiday completely guilt-free!

Posted on Monday July 24, 2017 read more

Hurricane Season Is Here

While hurricanes can happen at any time, their potential to impact New York City is greatest from June to October. Every multifamily property should have a solid plan.

Posted on Thursday June 01, 2017 read more

Growth of Solar from 2011 to 2016 in New York State Nearly 800%

New York State is undertaking significant change in how it generates and delivers energy. Reforming the Energy Vision (REV) is Governor Andrew M. Cuomo’s strategy aimed at building a next-generation energy system that is clean, resilient, and affordable for all New Yorkers. His aggressive Clean Energy Standard commitment will require 50% of New York State’s electricity to be sourced from renewable energy sources by 2030.

Posted on Thursday May 18, 2017 read more

With More Bang for the Buck, Renewables Providing Most New Power

Clean energy provided 55 percent of all new capacity added worldwide, the most ever, and total investment was about double the amount for generators driven by fossil fuels, according to a report published Thursday by UN Environment, the Frankfurt School-UNEP Collaborating Centre and Bloomberg New Energy Finance.

Posted on Monday May 08, 2017 read more
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