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What is vendor management? Communication, tips, and processes
Vendor management is a large part of serving on the board of a managed community. Every community has outside partners for services like landscaping, sanitation, cable and Internet provision, pool maintenance, valet services and more. Open and effective communication among the board, the management company and the vendors employed by the association is an important part of making the most of any community’s operating budget and improving the lifestyles of its residents. -
Choosing HOA vendors: Your complete guide
Your Board of Directors oversees the many day-to-day tasks required to operate and maintain your community…but they can’t do it alone. Your property management team will be expected to hire a wide array of vendors, including painters, plumbers, electricians, landscapers, repairmen for equipment maintenance or emergencies, exterminators, and more. -
Three ways to fund a capital improvement project
In this piece, we will cover what capital improvements are and the best way your association can fund capital improvements, from reserve funds to special assessments. -
Capital improvements vs repairs and maintenance: What’s the difference?
Maintaining your buildings’ assets is not a one-size-fits-all proposition. The common areas require a broad range of routine maintenance and repairs to keep them looking good and operating smoothly. -
Managing Active Adult Communities in the Boomer Era
Today's Baby Boomers are prompting some active adult communities to re-examine how to remain relevant, appealing and responsive to residents' needs, according to Michael Mendillo, president of FirstService Residential's Mid-Atlantic division, and Robert Misurel, director of Planning & Development for the company's Lifestyle Division. -
How to find the best reserve study specialists: A complete guide
In our guide to capital improvements , reserve studies and their relationship to capital improvements and preventive maintenance were discussed at length. -
Handling vendor contract disputes and conflicts: A step-by-step guide
You’ve been there before. You meet with a vendor, they seem like a great choice, and then after a month or so, you find yourself in a dispute. -
Six ways active adult communities have evolved
The Baby Boomers have been a transformational generation, to say the least. Born between 1946 and 1964, Boomers are known as the healthiest and most educated of any American generation in history. -
Three things to remember about life with your aging parent
As our parents age, we are fortunate to enjoy an ever-evolving relationship with them. With time comes perspective, and with that perspective comes a new way for adults to relate with their parents. -
HOA Vendors: Vendor management tips for great results
Here are some tips to manage your HOA vendors more effectively & and get the results you're looking for. -
Virtual Programs for Healthy and Happy Active Lifestyle Communities
Chances are, you joined the board at your HOA or condo because you’re extremely passionate about the community and want to improve the experience of the other residents within it. Part of adding value to residents in your community is offering classes and programs for them to participate in to get to know their neighbors and offer opportunities for them to stay happy and healthy. Read on to find some suggestions for great virtual programs for communities like yours. -
Why association boards chose FirstService Residential
Finding a property management company to partner with your board isn’t easy. Find out how we can help you. -
15 Things You’ll Want to Do Before Selecting an Insurance Agent
Insurance is one of the most important line items on your association's budget, but it is oftentimes the most expensive. Do you know how to select the right agent? -
Avoiding HOA fee increases in Florida: 3 cost containment strategies
Your fiduciary responsibility is the most important commitment to fellow homeowners. Learn cost containment strategies that can save your association money. -
What to Know About an HOA Emergency Board Meeting During Trying Times
It's hurricane season again. As soon as June 1st rolls around, we are assaulted with hurricane preparedness pamphlets and emergency information at every turn. -
Can You Go After HOA Owners for Their Guests’ Damages?
Every community can expect to experience negligent or careless guests who will either cause a ruckus, or worse, damage association property. When that happens, deciding who should be held responsible for their actions can create a delicate – and potentially volatile – situation. Oftentimes, Boards may go after the owner, but they shouldn’t forge full-steam ahead without some sort of ammunition. -
8 questions to ask your property manager in Florida
Know what questions to ask a prospective property management company in Florida? Check out our list to ensure you have all the right information before making a choice. -
Estoppel Certificates: 7 Myths and the Real Facts
Estoppel certificates are a critical part of any real estate transaction and can be confusing. What's included, how are they created, what does it all mean? Learn more here. -
Six things you should know about flood insurance in Florida
As a Floridian, you're pretty familiar with flood insurance, but you may not be aware of the recent changes in the law. Learn more here! -
Good Management – The Key to Florida Active Adult Community Success
Today’s active adult communities are growing in popularity in Florida and across the country, spurred in great part by the maturing U.S. population. As interest in activity-rich, amenity-driven lifestyles increases for the 55-plus group, existing age-restricted communities are working hard to adapt their facilities and programming in order to compete in the changing Florida active adult community marketplace. At the same time, developers and builders are searching for the best strategies to make new ventures stand out from the crowd. -
Vendor Communication: Helpful tips for your Florida association
Open and effective communication among the board, management company and vendors is an important part of any community's operating budget and for improving residents' lifestyles. -
3 ways to pay for association capital improvements
When your association has to invest in its property, whether for repairs or a new construction project, the financing for that work must be considered as carefully as the work itself -
Hurricane Season is Here: Have You Talked to Your Vendors?
Your vendors are a critical part of your community’s emergency planning for any kind of hurricane or storm. Are you on the same page before, during and after a storm? -
What Does Florida Hurricane Insurance Cover?
With hurricane season approaching, many community association boards are asking themselves: “Are we prepared to weather a storm?"