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Insurance costs are rising, and budgeting for higher insurance premiums has become increasingly challenging for associations. Learn best practices for managing insurance premium increases.

Budget season is stressful, so let's start with the basics. We’ve curated a glossary of terms you need to know to tackle budgeting like a pro.

Though inflation and economic uncertainty continue to impact property investments and transactions, multifamily stakeholders and institutional owners remain optimistic.

Homeowners associations (HOAs) and condo associations play a crucial role in maintaining the aesthetic appeal and functionality of residential communities. However, managing the financial aspects of these associations can be challenging, especially when unexpected expenses arise.

The greatest strength of your board is the diverse perspectives of its members, but this can also present the biggest challenges. Creating the right dynamics will help your association board conduct business smoothly and efficiently.

Learn the roles of the board of directors and the property management company at your condo or HOA community.

Learn the roles of the board of directors and the property management company at your condo or HOA community.

Learn the roles of the board of directors and the property management company at your condo or HOA community.

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.

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.

Board members can be overly burdened and become burned out. Working with a quality property management company can help ease your board burden. Learn how.

Board members can become overly burdened and burn out. Working with a quality property management company can help ease board burden. Learn how.

Homeowners' Associations (HOAs) play a vital role in maintaining and improving the quality of life in their communities. One of the most critical responsibilities of an HOA is budgeting. A well-crafted HOA budget ensures that the community's finances are managed effectively, providing necessary services and amenities while maintaining or even increasing property values.

Proper budgeting is essential to protect your community association's financial health. We can help! Learn more.

Proper budgeting is essential to protect your community association's financial health. We can help! Learn more.

Proper budgeting is essential to protect your community association's financial health. We can help! Learn more.

Proper budgeting is essential to protect your community association's financial health. We can help! Learn more.

Proper budgeting is essential to protect your community association's financial health. We can help! Learn more.

Learn how to approach pet policies to ensure that they are respectful, safe and compliant with the law.

Learn how to approach pet policies to ensure that they are respectful, safe and compliant with the law.

Your fiduciary responsibility is the most important commitment to fellow homeowners. Learn cost containment strategies that can save your association money.

Your fiduciary responsibility is the most important commitment to fellow homeowners. Learn cost containment strategies that can save your association money.

Increasingly complex building regulations, rising costs, and inflation have shifted the needs of boards and building owners in New York City. The most successful property managers employ teams of experts who can triage the most sensitive issues.

FirstService Residential’s financial experts answered the most frequently asked questions about the current economic environment, potential impacts on building budget planning, reserve funds, and the role a property manager plays in the budget process.