Pennsylvania association financial health: Money saving programs and services

Pennsylvania community association cost containment: Association financial services

As the Pennsylvania property management leader, FirstService Residential can develop effective cost containment programs that can directly benefit your community’s bottom line.

One way we achieve this is by leveraging our reputation, size and vendor relationships – along with the combined buying power of our parent company, FirstService Residential – to negotiate and obtain preferred status and lower rates for your Pennsylvania community’s necessary services.
 

Identify cost savings

Our comprehensive review of your financials includes a cost-benefit analysis to identify potential service improvements and areas for potential savings in your association’s operating budget. This includes:

• Reviewing your property’s budget and comparing against similar properties to determine if you are overpaying for any goods and services
   
• Performing periodic audits to ensure the best pricing from suppliers
   
• Detailed analysis of the Pennsylvania ssociation’s insurance policies to provide adequate coverages prevent the overpayment of premiums
   
• Negotiating the best-in-market rates and passing the savings along to you
   
• Identifying utility audit savings
   
• Reviewing collection practices and recommending strategies for improving collection rates
   
• Implementing a Contract Review process to ensure best service and pricing
   
• Providing bid analysis system to ensure “apples to apples” comparison of all vendors

Our goal is to keep Pennsylvania management fees as competitive as possible, without reducing our high level of service. In fact, our clients’ typical savings result in an efficient return on investment for their associations – and in many cases, the savings we identify exceed our management fee.

We also offer the exclusive, high quality financial services of our affiliated company, FirstService Financial, Inc. (FFI), which can deliver above-average interest rates on your investments.

Interested in Pennsylvania association cost containment and reduction? Contact us today to learn how we can support your community.