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  • How Can My Association Fund an HOA Capital Improvement?

    Nothing lasts forever…and when it comes time to replace your high-rise roof, community pool or to add new amenities, your association will need to determine how to pay for it. All of these things – significant repairs and replacements, as well as new construction – are considered capital improvements.
  • 5 Creative Ways to Create Revenue With Your Community Amenities

    It’s the typical budgeting dilemma for community association boards: How do you keep assessment fees manageable and still maintain the community’s operations?
  • How Can We Improve Our Association’s Financial Stability?

    There’s a lot to love about living in a community with a homeowners association (HOA). The amenities. The sense of belonging. The high aesthetic standards. But none of that happens without stable finances. With that in mind, here’s the bottom line on financial best practices for your HOA.
  • How the Consumer Price Index (CPI) Impacts HOA Assessments

    Nobody likes to see prices go up for things they want or need, whether it’s a plane ticket, a quart of milk or even a college degree. But as we all know, rising inflation often leads to rising costs – and that can impact the budget assessments set each year by homeowners associations (HOAs) or community associations. If your community is professionally managed, consult with your property management company for more information – a quality firm will be able to leverage its budgeting and financial experience to provide guidance. But to get you started, we’ve compiled some information about the Consumer Price Index – what it is and what you need to consider before you get started.
  • Why Millennials Matter to the Future of Your Association

    Millennials are the fastest growing group of home buyers in the US. Learn why you need to get this important demographic involved in your association today.
  • How to Choose the Right Community Banking Program

    Board members have a fiduciary duty to protect the financial interests of both their homeowners association and fellow residents – and that includes ensuring that their HOA’s operating and reserve funds are properly managed, invested and protected.
  • Here's How to Plan an Effective Association Budget for Your Community

    Preparing your association’s annual budget...it can be a source of stress, but more importantly, it’s a valuable opportunity to ensure the financial well-being of both your association and homeowners. Proper association management hinges on this financial tool for both short-term and long-term planning, so it’s important to follow some guidelines.
  • How to prepare for floods in your high-rise building

    Floods are one of the most common types of natural disasters. They can also be the most detrimental for high-rise buildings. The nature of these buildings makes them particularly vulnerable to flooding caused by severe storms.
  • How Can I Protect My Home from a Wildfire?

    Wildfires continue to be a constant and deadly threat across North America, and the risk intensifies with soaring annual temperatures, strong winds and severe drought conditions. More than 78,000 wildfires scorch over 12.4 million acres across the United States and Canada each year. Fanned by high winds and feeding on parched grass, trees and shrubs for tinder, these fires put thousands of homes at risk each year, or destroy them outright.
  • How to Secure the Best Insurance Coverage for Your Community

    As a community association board member, the countless hours you volunteer go toward assisting with a very important objective – creating a safe and vibrant community. In many cases, this means assessing your association’s insurance policies to guarantee that your community is fully covered, appropriately insured and receiving the best value for the cost.
  • How to Save with Bulk Buying Strategies

    As consumers, we’re familiar with saving money by purchasing products like food and household goods in bulk. But, can this same savings model be applied to the purchases and operational costs of a homeowner association (HOA), condominium or community association?
  • How Your Property Management Company is Your Best Friend During Hurricane Season

    As a board member of a condominium or homeowners association near the coast, hurricanes are of special concern. But did you know that the best property management company can help you prepare for the season – and even minimize its impact on your community? That makes your property manager more than just a fair weather friend.
  • How Your Property Management Company Should Help Your Community after a Major Storm

    As communities in Texas and Florida discovered in 2017, hurricanes can be devastating, even if your community takes all the proper precautions to reduce your association’s risk. Read how a property management company should assist your community after a storm passes.
  • Hurricane Plans and Policies: Reduce Your Association’s Risk

    Hurricanes can bring tremendous physical destruction and financial ruin to a community association unless policies are put into place to prepare for the storms before they arrive, and to deal with the consequences afterwards. Every board whose association could possibly be impacted by a hurricane must have a hurricane preparedness policy to help maximize safety, minimize risk and ultimately, protect its operating budget too. And just as important as having a policy is communicating the policy to your residents.
  • What to Know When it Comes to the Basics of Community Pool Insurance

    Swimming pools are one of the most common, and most desirable, amenities in communities. Making sure to have proper community pool insurance coverage.
  • Keeping HOA and Condo Common Areas Clean During the Coronavirus Pandemic

    During these unprecedented times, residents are spending the majority of their time at home to prevent the spread of COVID-19 and protect themselves and their loved ones from infection. One of their primary contact points with the outside world is in your HOA or condo common areas, where they can be at risk of contact with lingering coronavirus or even spread existing virus to other areas of the property. Read on for a comprehensive list of places to clean and how to clean them.
  • Maintenance and Repairs vs. Capital Improvements – 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.
  • When a Natural Disaster Strikes, Is Your Association Covered?

    Hurricanes. Floods. Tornadoes. Hail. Wildfires. Lightning strikes. Earthquakes. Blizzards. Mother Nature has quite the arsenal to throw at us! Unfortunately, every part of North America is subject to one or more of these events. Some, like hurricanes, come with enough advance warning to prepare for them, but most do not. That’s why it is critical to the financial health of your community association to have the proper insurance coverage in place.
  • News You Can Use: Flash Flood Guidelines and Tips to Keep Your Family Safe

    In many parts of the country, flash flood watches and/or flash flood warnings are often issued during torrential downpours, especially in hurricane-prone and/or low-lying areas.
  • Nine Essential Tips About Conflicts of Interest

    It’s a term that gets tossed around quite a lot. But “conflict of interest” is a real and genuine threat to your association and its proper stewardship. Understanding what the term means – as well as how to recognize and avoid conflicts of interest– can go a long way toward ensuring the strength and stability of your community and eliminating many concerns.
  • FirstService Residential Executive Discusses Offbeat Second Home Investment Locations and Trends

    While exclusive communities like the Hamptons or Malibu will always be attractive locations for affluent vacation home buyers, several new trends are emerging in the growing second home market.
  • Power Outages and Blackouts - How Your Association Can Minimize Risk

    Losing power is never fun. But it’s bound to happen at some point, so preparation is the best defense. Obviously, different types of communities are affected by blackouts in different critical ways: high-rises lose their elevators and water; resort-style gated communities lose the ability to operate their gates. For residents, a blackout may be a short-term nuisance. For a community association, it can be a major headache in terms of risk management, safety and potential equipment damage that can provide an unwelcome shock to your budget.
  • Why Preparation for This Hurricane Season is Important for Your Community

    Is your community prepared to weather a storm? June 1st marks the beginning of the 2016 hurricane season running through November 30th. The National Weather Service reports that, of an average of 12 tropical storms that form over the Atlantic Ocean each year, six become hurricanes. In the Central Pacific, an average of three tropical storms form, with two escalating to full-blown hurricane status. Figures like these make hurricanes a very real threat for many communities and homeowners. In fact, 2016 promises to be anything but your average year. Let’s take a look at why you may want to approach this year in a way that’s as unique as the weather conditions themselves.
Showing 49 - 72 of 352