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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.

Now is the time for building engineers to winterize their buildings to protect them from harsh Illinois winters.

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).

Catch our latest online discussion with our lifestyle gurus, who'll discuss this year's lifestyle trends, best practices and hosting virtual events.

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.

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.

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.

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.

Healthy board communication is the key to enhancing your Arizona HOA’s reputation and property values. Use these 9 tips on how to improve communication to strengthen your HOA board.

Does your homeowners association have adequate staff for the services that you provide? Learn how to staff your community effectively.

FirstService Residential helps condo and co-op boards navigate CMA compliance, avoid costly fines and identify incentive programs that reduce the cost of building upgrades.

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

Is your HOA reserving enough funds for the future? Go beyond the basics of reserve funds and learn how to maximize your investments.

So, you want to be an Arizona HOA board member. Read our article to learn five lesser-known tips for brand-new or seasoned board members.

Follow these three proven tips to improve your Arizona HOA board meetings and excel as an association.