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  • How Can We Benefit From Association Financial Services?

    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.
  • 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.
  • How to Make a Condo Association Budget or Any Association 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.
  • Association Budgets: Mapping Out Your Strategic Plan

    Dive into the details of creating a strategic plan for your homeowners association.
  • Association Budgets: Things to Consider When Creating Your Association’s Budget

    As a homeowner, you want to live in a place that accentuates your style – from a beautiful entrance monument or exquisitely decorated building lobby, complete with freshly pruned trees and lush landscaping – but unless your association board has strategically planned out your community’s budget, you can forget all of that. The budgeting process is a valuable opportunity to explore the current financial condition of your association and ensure its financial stability for the future.
  • How an Integrated Maintenance Plan Can Keep Your Minnesota Condominium or Townhome from Walking on Thin Ice

    Having an integrated plan is the key to proactively addressing your property's maintenance needs. Here are 4 tips to help you review or start yours today.
  • Reserves: What Are They and Why Are They Important?

    Reserve components are association maintained major property components with a determinate useful life. The analysis of the reserve components results in accurate and supportable annual reserve fund contributions.
  • Tips to Maintain Your Minnesota HOA Finances

    Maintaining the health of your Minnesota community homeowners association’s finances is similar to the way you keep yourself healthy: make good choices, don’t overindulge and exercise good judgement.
  • Repairs and Maintenance vs Capital Expenditure: What's the Difference?

    It’s no secret that association management is a big job. Across Minnesota, common areas require a lot of routine maintenance to uphold community standards – things like exterior light bulb replacements, landscaping and paint touch-ups. Depending on your townhome community, the scale of your amenities' needs will vary.
  • 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?
  • 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 homeowner's association 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.
  • Understanding HOA Reserves and Reserve Studies

    One of the most important responsibilities your HOA board of directors faces is effectively planning for major common-area repairs and replacements. Whether a costly expenditure is needed in a few years or 20 years from now, it’s the board’s fiduciary duty to make sure your homeowners association (HOA) has adequate funds when the time comes. That’s where HOA reserves come into play.
  • 2020 HOA Budget Trends: What Has Changed?

    Have HOA budgets changed in 2020? Find out what 7 trends have shaped association budget planning this year.
  • Cyber Security and Your HOA, Part Two: The Board’s Role in Data Safety

    Be honest: As a board member for your homeowners association (HOA), how much do you think about cyber security? More and more, hackers are targeting small businesses – and remember, your HOA is a small business. In part two of this three-part series, we offer tips that your board should take to keep your community safe from hackers.
  • 5 Surprising Reasons to Raise Your HOA Assessments

    If your main concern is to avoid increasing assessments, you may want to reconsider. As a board member, one of your primary fiduciary responsibilities is to protect property values, and assessments are an investment that helps do just that.
  • HOA Reserve Funds: 6 Tips to Improve Your Returns

    Are you really getting the best returns on your reserve funds? Most Nevada board members aren’t sure. Learn six ways to improve your reserve fund returns.
  • Making Your HOA’s Money Go Farther

    An important job when you are on the board of a homeowners association (HOA) is to properly manage the HOA budget. One way that you probably do this is by trying to get the highest-quality products and services at the lowest possible prices. Sure, it’s great to save a couple of hundred dollars, but what if you could save even more? Some Nevada communities have done just that.
  • How Do You Manage HOA Reserves During a Crisis?

    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.
  • Preventative Maintenance Tips for High-Rise Buildings

    FirstService Residential offers tips on spring preventative maintenance for high-rise buildings.
  • 3 Strategies to Keep HOA Assessments Stable and Add Value

    There are valid reasons to raise assessments, but in some cases, you may be able to go a different route. Here are three strategies to save your HOA money and keep assessments stable.
  • What You and Your HOA Need to Know About Short-Term Rentals

    From Las Vegas to Lake Tahoe, Nevada attracts a multitude of tourists and convention attendees. One type of lodging that has gained popularity among visitors is renting a room, a high-rise unit, or an entire house from a homeowner. This may seem like a great way for homeowners to make some extra cash while giving travelers a way to avoid the cost of more expensive hotels. However, there are a number of things to consider before deciding to rent out your home—especially if you belong to an HOA.
  • 6 Major Property Management Benefits to Having a Management Company Manage Your Staff

    There are numerous reasons why working with a management company can help your community achieve its vision and goals. Read on to learn 6 of the major benefits you can experience when you transition from managing your own staff to having a staff ran by a management company.
Showing 97 - 120 of 220