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Everyone brings their own assumptions and methods of completing tasks to each group to which they belong. Condominium board members are no different. While the diversity of the group can be its greatest strength, it also can create difficulties between the individual members. It is important to structure condo board meetings in a way that creates a professional and positive working relationship. Here are some tips to help boards achieve this.

When your condominium board members (and your property management team, if you are working with a professional management company) have a thorough understanding of their rights and responsibilities, it helps to create a more inviting community. Your community is more likely to be effectively managed and well-maintained, which leads to happier residents.

Keeping your condominium corporation’s finances healthy is much like keeping yourself physically fit. The key is to make smart choices and avoid over-indulgence.

Reserve Fund Studies are based on the assumption that components will reach their maximum useful life. However, if a preventative maintenance plan doesn’t accompany your reserve study, it’s highly unlikely some components will ever reach their maximum useful life.

We can all agree there are many important elements to a housing structure, but your roof is probably the most important. Changing temperatures, snow accumulation, large amounts of rain, ice dams and high winds can all cause major damage to condominiums, townhomes and single-family homes. These harsh weather conditions can create all sorts of problems, from minor leaks to major cave-ins that can cost a condominium corporation thousands to repair.

Safeguarding a condominium corporation’s operating and reserve funds is one of the main fiduciary duties of all board members, not just the treasurer. This means that boards must protect the financial interests of the corporation and its members by making sure all funds are properly managed, invested and protected.

FirstService Residential and FirstService Financial work in tandem to help our clients successfully finance capital improvement projects and save money without compromising quality of service.

Is your building prepared for Local Law 152 gas piping inspections? FirstService Residential recommends getting ahead of schedule to avoid unforeseen deficiencies and costly fines.

Great capital improvements improve property values. Read on to see the three ways to pay for them and the pros and cons.

Robust automation software can help boards and building owners in New York City satisfy local law compliance deadlines and inspection cycles.

Local Law 97 impacts roughly 50,000 buildings across the city, a majority of which are multifamily residential properties.

FirstService Residential recommends that all boards and building owners consider the installation of EV charging stations and incentives available through NYSERDA and ConEd.

With an effective reserve-fund strategy, boards can properly plan for unplanned equipment replacements and repairs to building systems and facilities.

Want to keep your HOA or high-rise in tip-top shape for current and future residents? Learn how to plan and pay for maintenance and capital improvements.

As of November 2021, the New York City Council has extended Local Law 152 gas pipeline inspection deadlines for boards and building owners through June 30, 2022.

Are you interested in becoming a Community Association Manager? It requires a passion for helping others, empathy, and dedication to providing quality customer service, among other things. Read our article to learn if it's the right fit for you.

New York City boards and owners are experiencing great difficulty renewing general liability and umbrella insurance policies. FirstService Residential can help.

The labor shortage is drastically affecting the property management industry, and wages are playing a big role. Learn what you should know to help navigate today’s labor market.

The labor shortage is drastically affecting the property management industry, and wages are playing a big role. Learn what you should know to help navigate today’s labor market.

Emulating the 5-star hotel industry, many high-rise condominium communities are offering luxury amenities to their residents. Learn more about luxury building amenity trends!

Emulating the 5-star hotel industry trends, many high-rise condominium communities are offering luxury amenities to their residents. Learn more about luxury building amenity trends!

Emulating the 5-star hotel industry, many high-rise condominium communities are offering luxury amenities to their residents. Learn more about luxury building amenity trends!

Emulating the 5-star hotel industry, many high-rise condominium communities are offering luxury amenities to their residents. Learn more about luxury building amenity trends!

Local Law 88 requires most mixed-use residential buildings larger than 25,000 square feet to upgrade lighting in common areas to current NYC energy code, install sub-meters for each non-residential tenant space and provide monthly energy-use statements to sub-metered tenants.