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It's vital to prepare for the future and take steps to protect your association reserve funds. Here are 3 ways to manage reserves during a crisis.

Homebuyers are motivated to buy a new home and move to a new community for a wide variety of reasons – perhaps a desire to downsize, upsize, relocate closer to family and friends, or enhance their quality of life. But while those factors will always be important, there are two additional considerations many people find compelling – community amenities and programs for lifestyle communities. Read on for more details.

How do manage collections and HOA funds after a crisis? Get 3 tips to help you plan for the future

Strategic capital improvements lead to better property values. Read on to see the three ways to pay for them and their pros and cons.

Your reserve study gives you the power to maintain the quality of your community by allowing for projects that are both necessary and potentially expensive. Establishing this fund can get a little complex. But you don’t have to be a fortune teller to read the future of your association. You simply need a good reserve study firm to help. Here’s how you can find one.

Creating your HOA budget involves many considerations. It’s not simply a month-to-month accounting for expenses. Ideally, it’s a both a short-term and long-term blueprint for sustained financial health. Offset rising costs and high interest rates with these 7 HOA budgeting tips.

As a self-managed association, do you need a management partner? Before making that choice, ask these 6 questions.

A great board meeting should have a balance of diverse opinions and discussions that are rooted in your community’s overall vision. Start with these 6 simple HOA board meeting rules.

There are often good reasons to raise assessments, but in some cases, you may be able to take a different route. Here are three strategies to help save your HOA money and keep assessments stable.

Acronyms like CMCA, LSM, PCAM and others are used to designate certifications for community management professionals. What do these certifications mean? How does this benefit your association?

You’re planning an event for your homeowner (HOA) or community association. Congratulations! After the initial excitement comes growing panic, right? Well, not necessarily.

So what’s the most important aspect of your community? Is it aesthetics? Sense of belonging? Neighbors knowing neighbors? Desirability to home buyers?

When choosing the right property management company for your community, you will be asking a variety of questions to assess whether the company or manager will be the right fit for your board and your residents.

Are you an insurance expert? Unless you sell it, the answer is probably “no.” But if you’re a member of your HOA’s Board of Directors, it’s a really smart idea to have a basic understanding of the policy that protects your association from liability.

So your homeowners association is going to undertake a construction or improvement project for your community. That can be exciting – and more than a little daunting, too. The construction project management process can be fraught with complications and frustrations – after all, with so many moving pieces, there are a number of things that can go wrong. To smooth your way, you can consult with an experienced property management company to obtain proven guidance and advice. But to get started, we’ve put together a dozen pointers to help your community construction project build towards success.

This winter, much of the country was hunkered down under thick layers of snow and temperatures so low that even the groundhog thought twice about going outside. But thankfully, spring is here, and with the blooming fruit trees and sunnier days comes the need to clean up, spruce up and get your community ready to enjoy the season.

You’re a member of your community association’s board, and it’s time to review your current insurance policies and providers. While it may be tempting to maintain your current relationship, you may find that significant savings can be found when you shop around.

For many communities, responsive service from a property management company is the best they can hope for when it comes to issue resolution. But what if you required more from your property management team? What if you held them to a higher standard, demanding that they address challenges early enough so that they never become full-blown issues at all?

Your homeowner association (HOA) board has decided to hire a property management company. That’s a big step, and one not to be taken lightly. You might think because your board made this decision your community’s future is in good hands. But has your board done its research?

Experienced property managers have created countless budgets, and they’re familiar with the best practices entailed in creating one that helps your community accomplish its goals. So to help you get started, here are six community budget basics you can follow.

The Baby Boomers, born after World War II, are the largest generation in United States history. The last of them turns 55 in 2019. With their children grown and in their own homes, Boomers are entering an era in which they can do what they please. They are retiring or scaling back on full-time work and it’s their time in the sun. Literally. They may be getting older, but as the first generation of Americans to embrace the fitness craze and eating with longevity and well-being in mind, the Baby Boomers (and Generation X on their heels) are not planning to sit out their golden years in a rocking chair.

According to the U.S. Census Bureau, 76.4 million baby boomers were born between the years 1946 – 1964 – and in a few years, they’ll all be 55 or older. With their vibrant lifestyles and dedication to health and fitness, today’s active adults are more dynamic and full of life than any generation that preceded them – so dynamic, in fact, that many are choosing to move into communities that better fit their lifestyles. And no matter whether they’re looking to downsize or live large, enjoy retirement or move closer to work, soak up the warmth in a resort-like setting or go cosmopolitan and move to a big city, many people 55 and over are finding what they’re looking for in active adult communities.

Successful active adult communities offer amenities that are suited to their residents, who may span several generations -- and multiple interests. It can be challenging to determine the active adult amenities, programs and services that fit best, but in his guest blog for Multi-Housing News, FirstService Residential's Michael Mendillo offers several clear and effective guidelines.

Every day for the next 15 years, 8,000 additional Americans will reach retirement age -- and millions will move to active adult communities in Florida. FirstService Residential manages 35,000 homes in 55-plus communities in South Florida, as well as thousands of additional units in active adult communities throughout the country. Hear CEO Chuck Fallon describe the challenges and opportunities of managing this unique sector in a radio interview on NPR.