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  • Four Financial Questions to Ask Your Community Management Company

    Financial stewardship ranks near the top of the list of responsibilities for HOA board members. This requires proper allocation of association funds to ensure they are protected and FDIC insured, while earning the best possible rates. Adequate insurance coverage also factors into the equation. It’s a challenging balancing act, but asking the right questions can help.
  • Is Your Association Manager Equipped for Success? 3 Questions to Ask

    Does your association manager have the right tools, resources and support to take your association to the next level?
  • How to Future-Proof Your Association’s Finances

    Whether your HOA is an amenity-driven active adult community or an emerging single-family home community, future financial stability is always a top-of-mind concern. And while it may seem like your everyday operating budget is the ultimate priority, a well-funded reserve is the key to helping your community thrive well into the future.
  • Investing HOA Reserve Funds: 6 Tips to Improve Your Returns

    Are you getting the best returns on your reserve funds? Most California board members are not sure. Here are six ways to improve your reserve fund returns and create an HOA investment policy.
  • 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.
  • Selecting Your Reserve Study Firm: Seven Essential Steps

    Your reserve study gives you the power to maintain the quality of your community by allowing for projects that are both necessary and potentially expensive. Establishing this fund can get a little complex. But you don’t have to be a fortune teller to read the future of your association. You simply need a good reserve study firm to help. Here’s how you can find one.
  • HOA Budget: Seven Best Practices for HOA Budgeting

    Creating your HOA budget involves many considerations. It’s not simply a month-to-month accounting for expenses. Ideally, it’s a both a short-term and long-term blueprint for sustained financial health. Offset rising costs and high interest rates with these 7 HOA budgeting tips.
  • 3 Strategies to Keep HOA Assessments Stable and Add Value

    There are often good reasons to raise assessments, but in some cases, you may be able to take a different route. Here are three strategies to help save your HOA money and keep assessments stable.
  • Tips for Eco-Friendly High-Rise Living

    Eco friendly high-rise initiatives are not only good for the environment, but can be green for your association budget. How does close to $50,000 in annual savings sound? Here are suggestions you can implement for little to no cost.
  • HOA financial management: Tips for greater financial strength

    So what’s the most important aspect of your community? Is it aesthetics? Sense of belonging? Neighbors knowing neighbors? Desirability to home buyers?
  • Twelve things to know about HOA board of directors insurance

    Are you an insurance expert? Unless you sell it, the answer is probably “no.” But if you’re a member of your HOA’s Board of Directors, it’s a really smart idea to have a basic understanding of the policy that protects your association from liability.
  • How to find a good insurance agent: 15 things to consider

    You’re a member of your community association’s board, and it’s time to review your current insurance policies and providers. While it may be tempting to maintain your current relationship, you may find that significant savings can be found when you shop around.
  • Planning your community budget: Six tips to follow

    Experienced property managers have created countless budgets, and they’re familiar with the best practices entailed in creating one that helps your community accomplish its goals. So to help you get started, here are six community budget basics you can follow.
  • Co-Op Managed by Our New York Office Chosen for Mayor’s Recycling Pilot

    NYC's Organic Food Waste Recycling Pilot Program includes Morningside Heights Housing Corp., a cooperative building managed by FirstService Residential’s New York office. This exciting program is designed to reduce the amount of post-consumer waste sent to landfills.
  • Preparing for EV charging and electric vehicles in your HOA

    Over the past five years, nearly a half-million U.S. cars in this country have been able to zip right past gas stations – and it’s not because they’ve always had a full tank of gas. That’s how many plug-in electric vehicles (PEVs) have been purchased in this country since December 2010, when the first mass-market PEVs – the Nissan Leaf and Chevy Volt – made their much-heralded debut. Learn more about PEV's in order to ready your HOA.
  • What to know about installing community EV charging stations

    Is installing EV charging stations the right choice for your community? If your association is considering it, consider this – you’ll not only satisfy the needs of current and future EV owners, but you’ll also enhance your property’s “green” image, which can increase property value and attract future residents. So how should your Board proceed? Start by talking to other community Board members and local community leaders to see if this issue is being addressed locally. Do your research, including consulting with a good property management company. If your community is professionally managed, your property management team can provide you with information and guide you through the process.
  • Energy Efficiency for Community Associations

    Should community associations implement energy efficiency measures? Most Board members and residents think so, but making conservation a reality can be a challenge. In a recent issue of Condo Management, FS Energy’s Chris Normandeau offers ways communities can take energy efficiency from principle to practice.
  • FirstService Residential is Growing and Hiring; Positions Include Property Managers, #2 Happiest Job

    According to Forbes.com, Property Managers are tied for the #2 spot on the list of Happiest Jobs in America. Coincidentally, thanks to our continued growth and success, FSR is currently recruiting for several Property Manager positions. If you’re a quality professional seeking an outstanding career with the industry leader, check out all of our open positions (happiness included).
  • FirstService Residential Keeps Energy Costs on a Tight Leash During Dog Days of Summer

    High summer temperatures bring high electric bills – especially this summer, as heat waves and soaring temperatures continue to blaze across the U.S. and Canada. But FirstService Residential’s innovative FS Energy program is keeping residents cool, curbing electric bills and lowering energy emissions and usage – and it saved $1.5 million in energy costs for NYC residents last summer. Now, the program is rolling out to multifamily buildings in Chicago and Miami.
  • FirstService Residential Sustainability Expo

    Reducing energy usage and costs, while increasing "green" living is vitally important not just for multi-family properties and residents, but also for the environment. In New York, FirstService Residential recently hosted its Third Annual Sustainability Expo and Symposium to help building staff and property managers increase their commitment and actions towards increasing efficiency and sustainability. Want to know more? Check out this recent spread in the Mann Management Report.
  • Five tips for HOA snow removal

    Despite what the meteorologist on your nightly news might tell you, it’s actually pretty hard to predict the weather. And that means it’s difficult to anticipate how much you’ll be spending on snow removal this year.
  • Four things to know about HOA board member insurance

    How much do you know about community association insurance? Every community’s bylaws and declarations include requirements to provide homeowners association insurance coverage, and Board members have a fiduciary duty to protect the best interest of their HOA and owners. Additionally, associations are under pressure to find the least expensive homeowners association insurance options available. But there is a caveat – in community insurance, as in most things, buyer beware – not all policies are alike, and if you neglect certain types of coverage, you may end up paying a much higher price.
  • Saving on condo energy costs: How a property management company can help

    Realizing that energy conservation and managing HOA community environmental footprints is crucial, board members have a responsibility to homeowners to exercise financial prudence and proactively seek ways to manage rising costs.
  • Four ways to decrease energy use in your HOA

    Of all the expenses you encounter as a homeowner, community or condo association, energy ranks toward the top of the list. Many of us see this as a given. We need lights. We need heating and cooling. We need to warm our water and prepare our food. And while the necessity of energy use will never change, how much we pay for it, and how much we need, can.
Showing 25 - 48 of 422