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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. -
Starting a neighborhood watch program? Understanding neighborhood watch rules and duties
Neighborhood Watch programs can provide significant benefits to communities – after all, they boost community awareness, communication and involvement, while reducing opportunities for neighborhood crimes to occur. But if you’re interested in getting started, there are many important factors to consider. Here’s an overview. -
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. -
HOA Vendors: Vendor management tips for great results
Here are some tips to manage your HOA vendors more effectively & and get the results you're looking for. -
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. -
Why association boards chose FirstService Residential
Finding a property management company to partner with your board isn’t easy. Find out how we can help you. -
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. -
15 Things You’ll Want to Do Before Selecting an Insurance Agent
Insurance is one of the most important line items on your association's budget, but it is oftentimes the most expensive. Do you know how to select the right agent? -
5 Ways You Can Improve Board Communication
How well your board communicates has a tremendous impact on your community association. Every board can benefit from these 5 principles. -
8 Skills You'll Master as a Board President
You've been elected as the President of the Board for your community association. You're signing up for a very important job! Here are some necessary skills! -
9 Guidelines for a Successful Community Association
Volunteering on the board of a community association is not for the faint of heart and can be a full-time job! Communities come in different shapes and sizes, but serving on a board of directors is similar across the board. -
All You Need to Know About Property Management Social Media
Social media can be a phenomenal marketing and communications tool for your community association! But you need a strategy! -
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. -
What to Know About an HOA Emergency Board Meeting During Trying Times
It's hurricane season again. As soon as June 1st rolls around, we are assaulted with hurricane preparedness pamphlets and emergency information at every turn. -
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? -
Can You Go After HOA Owners for Their Guests’ Damages?
Every community can expect to experience negligent or careless guests who will either cause a ruckus, or worse, damage association property. When that happens, deciding who should be held responsible for their actions can create a delicate – and potentially volatile – situation. Oftentimes, Boards may go after the owner, but they shouldn’t forge full-steam ahead without some sort of ammunition. -
Do You Have a Community Communication Plan?
Clear, effective communication from the board to the residents makes a difference! Poor communication can negatively impact your community's reputation, operating budget and property values. -
Communication in an Emergency is Key to Hurricane Preparation and Rebuilding
The strongest hurricane preparedness plan won’t be effective if you haven’t communicated it. Make sure that everyone knows what to do by following these important recommendations.