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High-Rise Living Trends: Must-Have Amenities for 2017
Today, high-rise living is attracting a broad range of residents, from millennials to empty nesters, all seeking convenience and luxury in an urban setting. Although they have a common drive to discover this newer metropolitan lifestyle, these very different households have a variety of needs and wants. This means that there is not a one-size-fits-all solution for defining what desirable amenities look like. In fact, properties must continuously adapt and update their offerings to stay competitive in their community. -
HOA Budget Bloopers: 7 Missteps to Avoid
Before you begin outlining the financial steps for your community, keep these 7 HOA budget bloopers in mind. -
Is Your Community Prepared for Water Leaks? Reducing the High Cost of Condo Water Damage
A leak in a high-rise condominium can quickly result in expensive water damage. How can you reduce your risk and be better prepared if your building springs a leak? -
Municipal Duties Move to ‘Burbs as HOAs Must Step In
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. Capital Improvements for Texas HOAs
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. -
Special Assessments: Fund Your Capital Improvement Assessment: Part III
Learn about special assessments as a way to fund unexpected capital improvements -
Prioritizing and Managing Your Community's Property Maintenance and Improvement Needs
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? -
Quick Tips to Preparing an Annual Association Budget
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. -
5 Steps to the Best Reserve Study Firm
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. -
Storm Preparedness in Any Forecast for Texas HOAs and COAs
We're breaking down the most common types of Texas weather events and how your association can maximize your storm preparedness for any forecast. -
The High-Rise Effect: Social Media 101
Find out how your condo association could benefit from the online presence you deserve! -
'Tis the Season: Community Decor & Vendor Management
There's just something about living among a community with lights stretched around each tree that inspires a childlike enthusiasm for what lies ahead. -
Why transparent communication matters in your HOA budget committee
Before planning next year's budget, carefully examine how HOA and COA budget transparency shows residents how their money will make a visible difference. -
3 Ways to Fund Your Condominium Corporation Replacements and Major Repairs
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? -
Slow and Steady: 5 Surprising Benefits of Raising Your Dues
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? -
Condominium Corporation Budgets: Creating a Road Map to Success
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. -
Condominium Corporation Budgets: Mapping Out Your Strategic Plan
Get the details on creating a strategic plan for your community. -
Condominium Corporation Budgets: Things to Consider When Creating Your Budget
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. -
Creating a Condo Flooring Policy to Address Noise Issues
When people live in close quarters, it is inevitable that they will hear sounds from neighbouring condos from time to time. Noise between units can be minimized in many ways. One of the most effective tools for a condominium board to implement is a flooring policy that guides owners when they want to replace their floor coverings. Choosing the right products makes a big difference when it comes to the transfer of noise between condominium units. -
Eleven Tips to Improve the Security of your Home
Don’t make it easy for criminals to get into your home. These 11 common sense tips will help homeowners improve the security of their property and make it safer for their families. -
Four Steps to Healthy Finances
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. -
Getting Your Building's Spring Cleaning Started
As community managers begin property inspection, they note the necessary repairs for winter damage as they make their rounds through the community. T -
The Difference Between Operating Costs and Condo Reserve Fund Expenditures
Sometimes confusion exists over what expenses the operating budget covers and those that are reserve fund responsibilities. If board members understand the difference between the two, it's much easier for them to make the correct decisions when managing the affairs of the condominium corporation.