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Association Reserve Funding Strategies: Ensuring Your Budget's Success
As a board member, one of your top responsibilities is to maintain and improve your community’s physical property. But it can be tricky to budget for new amenities like a dog park or gate houses, or shared, common-area assets that will need to be replaced or upgraded years down the line such as roofing or building facades. -
Association Reserve Funding Strategies: Ensuring Your Budget's Success
As a board member, one of your top responsibilities is to maintain and improve your community’s physical property. But it can be tricky to budget for new amenities like a dog park or gate houses, or shared, common-area assets that will need to be replaced or upgraded years down the line such as roofing or building facades. -
Important Changes to the Condo Act
More amendments are coming to the Condominium Act, 1998 and they take effect on January 1, 2022. Like the modifications made in October of 2020, the new condo act changes see the jurisdiction of the Condominium Authority Tribunal (CAT) once again expanding. -
Multifamily Investment Activity in New York City
As different sectors of New York City’s economy recover from the COVID-19 pandemic, strong signs of life are emerging in multifamily rental property investment. -
Association Special Assessments: How to Avoid Them
For board members, special assessments are typically unwelcome necessities. They are primarily needed because reserves have been underfunded and must be supplemented to pay for large capital projects such as replacing roofs or mechanical equipment. -
Association Special Assessments: How to Avoid Them
For board members, special assessments are typically unwelcome necessities. They are primarily needed because reserves have been underfunded and must be supplemented to pay for large capital projects such as replacing roofs or mechanical equipment. -
Corporation Special Assessments: How to Avoid Them
For board members, special assessments are typically unwelcome necessities. They are primarily needed because reserves have been underfunded and must be supplemented to pay for large capital projects such as replacing roofs or mechanical equipment. -
Association Special Assessments: How to Avoid Them
For board members, special assessments are typically unwelcome necessities. They are primarily needed when the association’s reserves are not sufficient to pay for large capital projects such as replacing roofs or mechanical equipment. -
Community Corporation Special Assessments: How to Avoid Them
For board members, special assessments are typically unwelcome necessities. They are primarily needed because reserves have been underfunded and must be supplemented to pay for large capital projects such as replacing roofs or mechanical equipment. -
Flood Insurance for Condos and Co-ops in New York City
The rising cost of flood insurance and forthcoming changes to FEMA flood maps is a topic of discussion for condos and co-ops in the New York City area. -
Want to Become a Florida Community Association Manager? Here Are 7 Questions and Answers to Consider
Are you interested in becoming a Community Association Manager? It requires a passion for helping others, empathy, and dedication to providing quality customer service, among other things. Read our article to learn if it's the right fit for you. -
FAQ: The Impacts of the New York Prevailing Wage Law on Condominiums & Cooperatives
Beginning July 1, 2022, condominium and cooperative buildings in New York City must begin to pay building workers a prevailing wage or forfeit their eligibility for the Cooperative and Condominium Property Tax Abatement. -
How an HOA Preventative Maintenance Plan Can Keep Your Community From Walking on Thin Ice
Cold weather is upon us, so now is the time for your HOA to make sure your maintenance program is on track. Read this article to learn more. -
Talent and Supply Chain Disruptions
Has your community association been affected by labor shortages? Learn more about supply chain issues and how to address them in your community. -
Talent and Supply Chain Disruptions
Has your community association been affected by labor shortages? Learn more about supply chain issues and how to address them in your community. -
Talent and Supply Chain Disruptions
Has your community association been affected by labor shortages? Learn more about supply chain issues and how to address them in your community. -
Vendor Communication Best Practices: The Do’s and Don’ts
Open and effective communication among the board, management company and vendors is an important part of any community's operating budget and for improving residents' lifestyles. -
Looking Forward: Multifamily Investment, Construction, & Delivery Activity in New York City
The multifamily residential sector in New York City made significant strides in 2021 as borough economics continued to recover and transition into a post-pandemic paradigm. -
How an HOA Preventative Maintenance Plan Can Keep Your Community From Walking on Thin Ice
As a property manager, you always have to make sure your preventive maintenance program is on track. Read this article to learn more. -
High-Rise Insurance: Seven Tips to Cover Your Property
Life in a high-rise property has its rewards. With great amenities, good security, and even concierge services, there are many advantages that are specific to just this kind of lifestyle. Similarly, there are specific requirements when it comes to insuring it, too. High-rises often have multiple residences, each with their own policies, plus shared common spaces, which also require coverage. Here are a few areas to help you determine if you and your high-rise community is adequately covered. -
Market Trends & Best Practices: Liability Insurance for NYC Condominiums & Cooperatives in 2022
New York City boards and owners are experiencing great difficulty renewing general liability and umbrella insurance policies. FirstService Residential can help. -
Do Associations Need to Adjust Wages for Their Staff to Stay in the Game?
The labor shortage is drastically affecting the property management industry, and wages are playing a big role. Learn what you should know to help navigate today’s labor market. -
Do Associations Need to Adjust Wages For their Staff to Stay in the Game?
Wages are playing a big role in the labor shortage challenge. Learn what your community association can do. -
Do Associations Need to Adjust Wages For their Staff to Stay in the Game?
Wages are playing a big role in the labor shortage challenge. Learn what your community association can do.