Articles

Read some of the latest ways FSR has been making news. 

What Should My Association Board Look for in a Management Company?

As part of your responsibility to preserve, protect and enhance your community association, you may choose to bring in a professional property management company. Professional management can provide a depth of resources that you may not have access to otherwise, can help you optimize your budget while improving your residents’ lifestyles and more. 

Posted on Friday October 27, 2017 read more

What Are the Qualities of an Effective Board Treasurer?

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?

Posted on Friday August 18, 2017 read more

Choosing the Right Banking Program for your Community Association

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. Unfortunately, even the best-intentioned board members may not have the experience or financial knowledge to choose the right banking programs and products to meet their community association’s needs. What should you look for when choosing the best banking program for your association? Read on…

Posted on Monday August 14, 2017 read more

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

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.

Posted on Friday August 11, 2017 read more

Seven Essential Financial Best Practices for Your Community Association

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.

Posted on Friday August 11, 2017 read more

Is Your Community Staffed Adequately?

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. 

Posted on Thursday August 10, 2017 read more

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. Needless to say, establishing this fund can get a little complex. But you don’t have to be a fortune teller to read the future of your association, you simply need a good reserve study firm to help. Here’s how you can find one.

Posted on Thursday August 03, 2017 read more

Creating Your Next Budget: Nine Easy Steps

There’s no reason to put off your next annual budget. You’re not just planning for the next year; you’re planning for the long-term quality and longevity of your community. We know that budgeting isn’t necessarily easy, but there are things you can do to make it less stressful and more rewarding for everyone involved. Read on for expert advice on how to budget more easily.

Posted on Monday July 31, 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 High-Rise Can Respond and Prepare for Blackouts

Losing power is never fun. But it’s bound to happen at some point, so preparation is the best defense. Obviously, 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 Thursday July 13, 2017 read more

Emergency Preparedness: Is Your Building Staff Ready?

In Philadelphia, building emergencies present themselves in various forms – from power outages and gas leaks, to floods and fires and even security risks. The one thing that links all these together? They happen when you least expect it. It is essential for your building’s management team to prepare for the unexpected through continuous education and training. Is your building staff ready?

Posted on Wednesday July 12, 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. That's why it is important to make sure your Association is covered with insurance. 

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

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? “The great thing about associations that are helmed by owners is that they have a vested interest in doing right by their community,” said Kirk Kowieski, CMCA, AMS, vice president of FirstService Residential. “But that also comes with challenges...many board members find themselves in this kind of position for the first time, so there’s a little bit of a learning curve.” Fortunately, FirstService Residential is here to help. Follow these new board member basics and you’ll soon be governing like a pro.

Posted on Monday June 19, 2017 read more

How Should You Enable Board Member Succession?

Every successful business organization plans for succession: who comes next as far as leadership? Succession needs to be an integral part of corporate strategy, and great leaders know that. They look for team members who have the potential to lead and encourage and mentor them toward those leadership positions. This is just as important for your community association board as it is for a Fortune 500 company.

Posted on Monday June 19, 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

The Importance of Preventative Maintenance in Your High-Rise

Protecting your high-rise with a solid preventative maintenance program will also protect the lifestyle you love and your community association’s budget. Preventative maintenance programs have countless benefits, including extending the life of almost every component and system in your building. A well-executed plan can also help your community optimize its operating budget by predicting when repairs or replacements are most likely to be needed and allowing your community to set aside money for them. How can you get started on a preventative maintenance plan? Check out our advice to get your Pennsylvania high-rise on the right track when it comes to preventative maintenance.

Posted on Monday June 05, 2017 read more
Displaying results 1-20 (of 59)
 |<  < 1 - 2 - 3  >  >|