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Not only will they learn something new every day, but it'll also keep their minds bright and busy.

John Friedrichsen, Senior Vice President & CFO of FirstService Residential parent company FirstService Corporation, is quoted in USA Today about how HOAs benefit from the value-added services provided by leading professional management companies.

Capital reserve fund vs. improvements: Budget for both and know when and how to allocate them in your Texas HOA for a continuously improved community.

In this article, we'll cover what underfunded HOA reserves are, how they happen, as well as the risks and what can be done about it.

Learn about special assessments as a way to fund unexpected capital improvements

Handling day-to-day maintenance and making necessary improvements are critical responsibilities for any homeowners association (HOA). And when your serve on your association’s board of directors, they can quickly become overwhelming if you don’t have a good system in place to manage them. So how do you make sure that your maintenance staff is able to handle that long list of tasks that need to get done so that your community runs smoothly and retains its appeal?

The half-year mark has come and gone and we’re now staring budget preparation season in the face. With just a little preparation you can charge forward to tackle this budget with confidence. As North America’s leading association management company we are no strangers to annual budgets. In our experience the first step to successful budget planning is a little preparation. Here are a few quick tips to get you started on the right foot.

Your reserve study is important to your financial health, but how do you get one? How do you choose the right reserve study firm to conduct it? Learn more.

We're breaking down the most common types of Texas weather events and how your association can maximize your storm preparedness for any forecast.

Get 12 Do's & Don'ts of social media management.

Find out how your condo association could benefit from the online presence you deserve!

Do you use social media to manage online presence for your association? See our top 8 ways to maintain a positive reputation across multiple platforms.

There's just something about living among a community with lights stretched around each tree that inspires a childlike enthusiasm for what lies ahead.

Do your residents have the 411? See how board members can create an effective communications strategy that gets everyone talking!

Before planning next year's budget, carefully examine how HOA and COA budget transparency shows residents how their money will make a visible difference.

At one time or another, every condominium corporation has to spend money on replacing equipment or making major repairs. Whether that means replacing a roof, installing a new ventilation system or any other big-ticket project, they are a necessity. But how should your condo corporation pay for them?

Creating your condominium corporation’s annual budget is one of the most important responsibilities your board has. It takes a lot of hard work and may require spending decisions that won’t be popular with unit owners. Consequently, owners may voice strong objections or even question the board’s ability to manage the corporation’s money.

It’s that time of year again – budget season is upon us. You know the things to consider when creating your budget, but what drives your process? Are you focused on achieving a particular vision for your community? Avoiding conflict in the community? Solely looking to avoid increasing dues/contributions?

It’s budget season! Are you stressed? Concerned about a potential dues increase or a large capital project that’s looming in the future? The word “budget” can be scary, so thinking about creating next year’s budget is daunting for many homeowners boards. We’d like to change that.

Get the details on creating a strategic plan for your community.

The annual budgeting process offers an opportunity for your board to explore your condominium’s current financial condition and to ensure your community’s financial stability for the future. Successful condominium management hinges on a well thought out budget for both short-term and long-term planning.

Self-managing your condominium property may seem like it saves money, but does it really? Why the cheapest property management option may not be the best.

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.

Like it or not, we have become very dependent on our technology. Whether it’s a cell phone, tablet or computer, our devices enable us to stay connected, conduct business and access information anywhere, anytime. Yet as convenient as these devices may be, cyber security is simply not a priority for the majority of tech users—despite the increased prevalence of cyber attacks. One recent attack even occurred in our own backyard at the University of Alberta. In part one of our two-part series, we look at why cyber security is so important to condo associations. We also provide important steps that residents in your condo community can take to protect their technology so that sensitive information doesn’t fall into the wrong hands.