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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. -
Hiring a reserve study company: Five things to know
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 HOA fees increase? The 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. -
Surprising ways to stretch your HOA'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. -
Mortgage loan tips: Preparing and applying for 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. -
How to create a sense of larger community in your HOA
Your association doesn’t function in a vacuum. It’s part of a larger community. Having members actively engaged in your town or city is good for the association and adds to residents’ sense of community. Find out what your board can do to encourage residents to get more involved in their larger community. -
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? -
What is an HOA balance sheet, and how do you read it?
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. -
A guide to planning your 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. -
HOA lawsuit: 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 your association needs 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: Understanding your association budget
There's an entire process to creating, implementing, & communicating your association budget. Learn more about how to simplify this process. -
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. -
3 Cost Containment Strategies to Minimize Assessment Hikes
Your fiduciary responsibility is the most important commitment to fellow homeowners. Learn cost containment strategies that can save your association money. -
Budgeting in the Time of COVID
The COVID-19 pandemic is presenting unique challenges to shaping a solid 2021 budget. Is your association budget on target to meet your short-term goals and help achieve your long-term vision? -
See the 2016 Florida HOA Budget Requirements
A proper budget is the cornerstone of any business, and a Condominium or Homeowners Association is certainly no exception. Here are steps you can take to make the process as painless as possible. -
What to Know About the Property Tax Appeal and Paying Property Tax - Miami-Dade and Broward Counties
Property taxes are a reality for all property owners, but they can petition for an appeal. Condo owners and association Boards can file a joint petition for property tax appeal to cover all units in the building. -
Estoppel Certificates: 7 Myths and the Real Facts
Estoppel certificates are a critical part of any real estate transaction and can be confusing. What's included, how are they created, what does it all mean? Learn more here. -
Learn About HOA Treasurer Responsibilities
A great board treasurer has skills and characteristics to tackle the responsibilities of planning and strategizing the financial livelihood of a community. The right treasurer can make a big difference! -
Five Ways to Get Ready for a Pool Inspection
A pool inspection can be a major source of anxiety for board members and residents. Don't throw in the towel; there are steps you can take to make sure your inspection goes...well, swimmingly. -
Tips for Reducing Energy Consumption and Costs in Your Community
Get helpful tips that your HOA or condo association can do to reduce energy consumption and lower your community’s electric bills. Learn more! -
3 Ways to Pay for an Association Capital Improvement Project
When your association has to invest in its property, whether for repairs or a new construction project, the financing for that work must be considered as carefully as the work itself