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  • 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.
  • Put an Energy Saving Program Together for a Multifamily Property

    Many HOAs and community associations would like to save energy and energy spending, but they think that putting an energy management plan into place for their multifamily property is difficult to accomplish. FS Energy's Chris Normandeau explains some basic, easy-to-do steps that can make a real impact on an association's energy usage and budget.
  • 5 Steps to the Best Reserve Study Firm

    In our guide to capital improvements , reserve studies and their relationship to capital improvements and preventive maintenance were discussed at length.
  • Seven Tips to Finding a Reserve Study Firm

    Your reserve fund is what helps your association anticipate its future– and budget for it, too. This fund gives you the power to maintain the quality of your community by allowing for projects that are both necessary and expensive (like a future roofing or paving project, for instance).
  • Try 3 Simple Energy Conservation Steps to Save Money This Winter

    Baby, it’s cold outside! For many people, shivery weather and shorter days aren’t the only things causing an icy chill. Energy takes a big bite out of everyone’s budget each winter.
  • Simple Energy Conservation Steps to Benefit Your Community This Winter

    So what can condo boards or community associations do to mitigate or even reduce costs this winter? Let’s start with what you can do in the summer and fall, before winter actually begins. This includes cleaning, tuning and performing any necessary repairs to heating systems, furnaces and boilers to make sure they won’t be working longer, harder or less efficiently than they should. Other pre-winter tasks include cleaning gutters to remove leaves and debris to ensure water can flow freely. Otherwise, water can become trapped and freeze, which can not only damage your property’s gutters, but also cause ice dams and possible roof leaks.
  • Six Steps Toward Readying Condos for Electric Vehicles

    No longer the products of science fiction fantasy, electric cars are now a reality of everyday life. While the reduced emissions of personal electric vehicles, or PEVs, are good news for the environment, their charging requirements may create challenges for condo associations trying to navigate their infrastructure requirements, legal implications, management concerns and even aesthetic considerations.
  • Six Ways Active Adult Communities Are Completely Different Now

    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.
  • Slow and Steady: 5 Surprising Benefits of Raising Dues

    It’s that time of year again – budget season is upon us. You know the steps to creating your budget, but what drives your process?
  • The Surprising Way to Stretch Your Association's Dollars

    If you’re on the board of a condo, co-op, high-rise or HOA, you know that managing your community’s budget is a major priority. You’ve likely explored many ways to save money and get the best deals, while still maintaining a high level of service.
  • 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.
  • Tips for Eco-Friendly High-Rise Living: Living Sustainably in the City

    Many multifamily properties and high-rises want to implement “green” living practices and create eco-friendly communities, but not everyone knows where nor how to get started. Here are some effective and easy tips to help you be proactive and successful in achieving your sustainability goals. Read on for a list of programs and services that can be put in place in your community at little to no cost.
  • Tips to Help Make Getting a Mortgage Easier

    Congratulations! After weeks of house hunting, you finally found the perfect home for your family, complete with a convenient location, lots of great amenities, a well-run HOA and an asking price that fits your budget. Time to break out the bubbly and toast your good fortune, right? Not so fast. Before you pop the cork, you’ve got one more hurdle to overcome – getting a mortgage loan.
  • Tips to Help Your Homeowners Association Organize a Community Recycling Program

    Is your homeowners association considering starting a recycling program for your community? If so, bravo! Take a look at some of the benefits: conserving energy, saving water, preserving resources, reducing air pollution and saving landfill space. And did you know that in addition to helping the environment, recycling can also provide economic benefits as well? To get you started, here are some tips and considerations to help your association plan and implement a successful recycling program for your community.
  • How to Uncover Savings for Your Condo or Co-op Association with an Energy Audit - Energy Efficiency Part 2

    Improving your building’s energy efficiency is good for your budget and for your property values. Getting a professional energy audit is a crucial step on the road toward energy efficiency. It can tell you which upgrades make the most sense for your property and show you potential energy and cost savings.
  • 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.
  • Five Ways Your High-Rise Can Spend Less on Energy Costs

    No matter where your high-rise building is located, rising energy costs can have a drastic impact on your community association’s budget. A condominium that spends 40 percent of its operating budget on common-area energy will be affected by even a small spike in price. A 10 percent increase in utility costs means that energy takes a full 44 percent of that association’s budget! Pretty scary, isn’t it? But all is not lost! Conserving energy can help your association save money and optimize your high-rise’s annual budget.
  • What Is a Balance Sheet? Why Do I Need to Understand Them?

    The chief responsibility of a community association board member is to preserve, protect and enhance the community. That includes, above all else, its financial health. But you can’t affect the financial health of your community if you don’t understand where it is when you join the board. Balance sheets are the best tool for gaining that basic understanding.
  • What Should My Association Consider When Planning a Budget?

    Budgeting can be tough. It requires that boards look at their priorities and the needs and wants of the community, plus the money coming in and going out -- and making it all balance. As an association board member, producing a responsible, effective budget is one of your primary responsibilities.
  • Why Community Associations Get Sued and What To Do If It Happens To You

    Your community or condominium association is there to protect the interests of all of its members. However, there may be situations when one or more residents don’t believe that the association is on their side. Hopefully, everyone involved can come to a reasonable solution, but if you can’t, it’s possible that your association – and even your board members – could become the target of a lawsuit.
  • Why Does Our Association Need an Annual Insurance Review?

    You know that your association needs to have the right insurance coverage in place. So you have property coverage, liability insurance, workers’ compensation, directors and officers (D&O) and an umbrella policy in place. Premiums are paid regularly and on time. Did you know that’s not enough?
  • Why Transparency Matters in Communicating Your Community Association Budget

    You’ve done all the homework. Crunched the numbers. Your reserve study is complete, your vendor agreements have been checked and your budget is done! Now what? There’s an entire process to creating the budget, followed by implementing it, and clear communication to homeowners, through every step of the process, is the best way to avoid problems.
  • How Can My Association Fund Capital Improvements?

    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.
Showing 73 - 96 of 317