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  • 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.
  • 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 Save on Summer Energy Costs

    Summer’s longer days mean more time to enjoy warm weather and sunshine, but they also mean higher energy bills. There is a bright side, however: by implementing an energy management program within your community, you can help keep costs down without sacrificing comfort.
  • 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 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.
  • Incentives Aim to Green Up New York, Reduce Operating Costs for Building Owners

    A recent study found that 75% of greenhouse gasses in New York City are generated by buildings, primarily multifamily residential buildings. As part of a city-wide effort to incentivize buildings to develop programs to curb emissions, FirstService Residential held its Third Annual Green Expo & Symposium on May 15 in New York. The event featured a panel of industry experts, including FirstService Residential President Dan Wurtzel, who described the benefits of participating in city programs, as well as the opportunities to save money, help the environment and enhance property values.
  • 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.
  • 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.
  • Managing Waste for a Greener Community

    With a growing focus on proper environmental stewardship, many associations are working toward implementing green initiatives. But getting there can be daunting. With so many programs and opportunities available for all of us to reduce, re-use and recycle, it’s hard to know where to begin.
  • 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.
  • 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.
  • 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.
Showing 49 - 72 of 271