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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. -
The basics of HOA pool insurance: What you need to know
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. -
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Capital improvements vs repairs and maintenance: 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. -
9 tips about board of directors 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. -
Promoting Fire Safety in Your Community Association
Part of your job as a board member is ensuring the safety of residents in your community association. To that end, it’s important to educate homeowners about possible fire risks and the steps they can take to prevent fire hazards in their homes. Chances are that fire safety isn’t top of mind for residents. However, home fires are more common than most people realize. -
Property Management Jobs: The Best-Kept Hospitality Career Secret
If you’re a recent (or about-to-be) college grad looking for your perfect career fit, here’s a helpful checklist to help you narrow down your choices: -
5 steps to choosing the best reserve study specialists
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 company
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). -
Can an HOA Raise Dues Without Notice? 5 benefits of raising HOA dues
What exactly are HOA dues, and can an HOA raise dues without notice? In this article, we’ll explain what HOA dues are, HOA fee increase limits, and five benefits of small, regular increases. -
How to become a licensed community association manager
What did you want to be when you grew up? Like many children, you may have dreamed of becoming a doctor, teacher, firefighter, pilot, basketball player, ballerina or policeman. Maybe you wanted to be a movie actor, astronaut, rock star or even the president. But we’re guessing there are a few professions that probably didn’t make your short list… property manager or community association manager (CAM). -
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 getting a mortgage
We’ve got the scoop on how to get a mortgage loan, so read on for our top six tips to increase your chances. -
Updating Your Community Emergency Preparedness Plan for Pandemics
In the past, when planning for emergencies, a global pandemic was likely not on your list. While most board members did not anticipate a pandemic as something that needed a plan before COVID-19, it's now clear that communities need to develop a plan to address this and any future pandemics. Read on to learn how to build a community emergency preparedness plan with a possible resurgence of coronavirus and other potential pandemics in mind. -
What is an HOA fee? And what do HOA fees cover?
Congratulations! You just bought a new home and it’s perfect for your family – just the right size, condition, location and neighborhood to meet your needs. Your new home is part of a homeowners’ association (HOA), which means you will pay HOA fees. What is an HOA fee? What do they pay for? -
HOA Balance Sheet Explained: Why you should 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. -
Reasons to become a community association manager
Community association management is an industry filled with diversity. You'll find people from all walks of life who have chosen it as a career path, and all for their own personal reasons. What is the one commonality? It's easy to love what they do! -
What to consider when planning an association budget
Read on for more about how to best complete your next annual association budget, a budget that will enhance your property values and improve your residents’ lives. -
Should you consider a career in property management?
Whether you are a recent graduate contemplating your career path or a seasoned professional seeking a change, delving into the realm of property management can offer a fulfilling and potentially rewarding journey. -
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? -
Budget Communications: Why transparency matters in communicating your association budget
There's an entire process to creating, implementing, & communicating your association budget. Learn more about how to simplify this process.