Articles

Here’s where you’ll find recent articles about FirstService Residential, as well as our impact on the areas we serve.

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Property Tax Abatements: What Unit Owners And Shareholders Need To Know

Posted on Wednesday November 29, 2017

In preparation for the 2018/2019 Cooperative/Condominium Property Tax Abatement* filing, all unit owners and shareholders received a letter from FirstService Residential requiring confirmation of primary residency status. Read more to understand what you need to do now. 

City Gives Legionnaires Lessons at New Cooling Tower Academy

Posted on Tuesday November 28, 2017

President Dan Wurtzel is quoted in this Real Estate Weekly article discussing the importance of educating property managers and building operators to comply with New York City’s cooling tower regulations, ensuring resident safety. FirstService Residential is also credited with organizing initial training drawing over 400 guests. 

FirstService Residential to Pilot Direct to Resident Insurance Program

Posted on Tuesday November 21, 2017

In an effort to continuously enhance the value of every property and the lifestyle of every resident we serve, FirstService Residential is excited to announce a partnership with Lemonade Insurance Company to facilitate homeowners and renters insurance policies for resident within our managed properties.

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

Posted on Monday November 13, 2017

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.”
 

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

Posted on Wednesday November 01, 2017

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.

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

Posted on Tuesday October 31, 2017

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

HOARDING: Best Practices for Condo and Co-op Boards

Posted on Wednesday October 25, 2017

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!

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

Posted on Sunday October 22, 2017

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. 

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

Posted on Monday October 16, 2017

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.

New Heating Rules Effective October 1

Posted on Monday October 16, 2017

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.

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