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Proper condominium management depends upon the annual budget for both short- and long-term financial planning. It’s important to follow some guidelines to ensure the success of the community and protect the investment of the owners.

Short term vacation rentals are popular with both travelers and the homeowners that rent to them. Perhaps you have stayed in a home that was advertised on Airbnb or VRBO. Maybe you have rented your home this way. For the most part people love this alternative to staying in a hotel or a B & B. But what are the implications when the home is part of a multi-family community? What about the common areas and amenities for which all the owners pay upkeep? There can be insurance implications as well. This article discusses some ways the risks to the condominium and its residents can be reduced.

A good budget provides the framework for the successful operation of a condominium corporation. Sometimes condo board members are daunted by this important undertaking. We have broken the task down into manageable steps to help you create a financial plan that will accomplish your goals.

Continually maintaining and improving your property is crucial if you want to protect your condominium corporation’s financial health. To ensure that these important responsibilities are well managed requires a long-term plan and a means of effectively handling day-to-day projects. Here’s how you can make that happen.

Life in a multi-family community is much more pleasant when residents and leaders each understand their individual rights and responsibilities. As in all aspects of life, respect for each other and adherence to the rules are key components to successful community relations.

As a board member of your condominium corporation you have many responsibilities. Within your role time management and organization are two vital aspects in the life of a board member, but what about communication? Let us offer you some tips on ways to best communicate as you fulfill your duties.

As a board member for your condominium corporation, you know that your community depends on volunteers to operate successfully. However, finding residents who are willing to be on your board of directors, join a committee or help at an event can be challenging.

Most people who join the board of their condominium corporation aren’t experts. Rather, they are well-intentioned, dedicated volunteer-leaders who want to protect property values and ensure their community continues to be a great place to live. If you’re a new board member – or even a seasoned one – it’s important to get the training you need to govern effectively and address the issues you may face.

A strong, healthy corporation requires every facet of property management to work in sync toward one common goal...true financial stability.

How do you resolve community conflict, prevent costly and time-consuming litigation and maintain a great reputation in the Nevada marketplace? Consider these three methods of alternative dispute resolution (ADR).

To help you avoid the most common board blunders, we’ve identified four mistakes and some practical ways to avoid them. By preventing blunders, you can help steer your board in the right direction, which can ultimately help improve your overall community.

There are valid reasons to raise assessments, but in some cases, you may be able to go a different route. Here are four strategies to save your HOA money and keep assessments stable.

Is your association really prepared for an emergency? Learn how to develop an HOA emergency preparedness plan in 8 steps.

How should your HOA board handle a pandemic like COVID-19? Start by tackling these 5 questions.

Improved board meetings play a crucial role in building up your association’s reputation and relevance in the market, which ultimately helps improve property values. Learn the six principles for better board meetings.

FirstService Residential has helped boards and building owners save millions of dollars in energy costs, in part, through our Energy Aggregation Purchasing Program.

Who's responsible for storm cleanup in Texas? We asked the legal experts in this video on disaster recovery, state laws, insurance, liabilities, and more.

Local Law 97 impacts roughly 50,000 buildings across the city, a majority of which are multifamily residential properties.

Get answers to frequently asked questions from our recent High-Rise Insiders: Structural Integrity webinar to help your association increase building safety for your COA residents.

Join Devin "Buck" Benson of Barton Benson Jones, PLLC for an Ask the Expert discussion about how best to prepare for and execute new ACC Board Hearings stemming from recent Texas legislation.

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.

Partnering with a property management company is a big step. Learn what to consider when deciding which one is right for you and your association.

Hiring a property management company is a big step that will have a decisive impact on your community for years to come. Learn what factors to consider.

Partnering with a property management company is a big step. Learn what to consider when deciding which one is right for you and your association.