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Reserve Fund, Assessment or Loan: How to Pay for Capital Improvements
Great capital improvements improve property values. Read on to see the three ways to pay for them and the pros and cons. -
Condo Capital Improvements: Lending Solutions for Condominium and Co-op Boards
FirstService Residential and FirstService Financial work in tandem to help our clients successfully finance capital improvement projects and save money without compromising quality of service. -
8-Step, No-Regrets Guide to Better Bidding
Transitioning to new management? See these 8 steps to ensure a seamless switch and take the stress out of change. -
Tips to Maintain Your Minnesota HOA Finances
Maintaining the health of your Minnesota community homeowners association’s finances is similar to the way you keep yourself healthy: make good choices, don’t overindulge and exercise good judgement. -
Five Tips for Creating a Condo Maintenance Checklist
Designing and executing a comprehensive plan for preventative maintenance must be a top priority for your building -
Are EV Charging Stations Worth the Investment?
FirstService Energy's experts answer common questions about EV chargers, including costs, incentives, revenues, and curb appeal. -
6 Steps to Amending Homeowners Association Documents
Learn how to amend your homeowners association governing documents, including the practical logistics required to do so. -
HOA pool rules and safety: 6 things your association should do
Summertime is swim time, and for the most part, it’s a plunge into carefree fun. But without the right swimming pool safety practices, your residents and association could be at risk. -
6 Types of Insurance Policies Your Board Should Know
Learn the 6 types of insurance policies your board should know - we asked our insurance insiders. -
2020 HOA Budget Trends: What Has Changed?
Have HOA budgets changed in 2020? Find out what 7 trends have shaped association budget planning this year. -
Avoiding Community Conflict: Best HOA Practices for Dispute Resolution
How do you prevent conflict, avoid costly litigation and maintain a great resident experience in your community? Start by adopting these best practices for dispute resolution. -
Budgeting for Your Future: Nine Steps to Make Your HOA Dollars Count
Another budget season is here once again, and that means that the boards of homeowners associations are busy planning, analyzing—and grinding their teeth. We know that developing your HOA’s annual budget is not an easy task. However, with the guidance offered in the following nine steps, you’ll be able to get through the process more easily—and without needing to visit your dentist. -
Financial Health Tips for Your HOA
Maintaining your HOA’s financial health—just like maintaining your personal health—boils down to moderation and good decision making. Eating one deep-fried blooming onion every once in a while isn’t a problem. Eating three or four several times a week is. Keep your HOA financially fit with these four "health" tips. -
Before Creating a New HOA Policy, Ask These 5 Questions
Great policies can help your association run smoothly, enhance the resident experience and improve your reputation. Here are five questions to ask before creating a new HOA policy. -
5 Surprising Reasons to Raise Your HOA Assessments
If your main concern is to avoid increasing assessments, you may want to reconsider. As a board member, one of your primary fiduciary responsibilities is to protect property values, and assessments are an investment that helps do just that. -
Don’t Be the HOA Bad Guy: 4 Proven Policy Enforcement Tips
Enforcing HOA policies is nobody’s cup of tea, but having good policy enforcement in place helps improve the resident experience and elevates your reputation. Follow these 4 principles for healthy policy enforcement: -
Reserve Funds: HOA Budgeting Tips to Improve Your Returns
Are you getting the best returns on your reserve funds? Most Arizona board members aren't sure. Find out six ways to improve your association's reserve fund returns, like creating an HOA investment policy. -
Maintenance, Capital Improvements, Useful Life: Is Your HOA Prepared?
Not sure which components you should fix and which you should replace entirely? You're not alone. Get the answers to some of your top questions about maintenance, capital improvements, and useful life. -
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. -
Post-Crisis HOA Cash Management: 3 Tips for Your Association
How do you manage collections and HOA funds after a crisis? Get 3 tips to help you plan for the future -
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Reserve Funds, Assessment, or Loan: 3 Ways to Pay for a Capital Improvement Fee
Great capital improvements lead to better property values. Read on to see the three ways to pay for them and the pros and cons for each. -
Seven High-Rise Insurance Tips for Associations and Unit Owners
Many people who live in cities like Phoenix and Scottsdale appreciate the rewards that come with living in a high-rise building. Some of the unique advantages include great amenities, security and even concierge services. High-rise buildings are also unique when it comes to insurance coverage. Besides the individual policies that unit owners need to have, the building and common areas must be covered as well. -
Seven Best Practices for HOA Budgeting
Do you dread preparing your HOA’s annual budget as much as you dread stepping outside of your Arizona home on a summer afternoon? You’re not alone. For many HOA boards, it’s their least-favorite task. But look at it this way: You’re making sure that your HOA remains financially stable, and that’s an important job.