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Repairs and Maintenance vs Capital Expenditure: What's the Difference?
It’s no secret that association management is a big job. Across Minnesota, common areas require a lot of routine maintenance to uphold community standards – things like exterior light bulb replacements, landscaping and paint touch-ups. Depending on your townhome community, the scale of your amenities' needs will vary. -
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. -
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 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. -
3 Strategies to Keep HOA Assessments Stable and Add Value
There are valid reasons to raise assessments, but in some cases, you may be able to go a different route. Here are three strategies to save your HOA money and keep assessments stable. -
Avoid These 4 Condo and Co-op Board Member Mistakes
Many condo and co-op board members make the same four mistakes. Find out what they are and what you should do instead -
8 Questions to Ask a Property Management Company & and How to Choose
Do you know what questions to ask a prospective property management company? Check out our list to make sure you have all the right information before making a choice. -
Commercial Observer-Grading Buildings on Energy Consumption
A new law will require residential and commercial buildings to prove their energy efficiency -
Habitat Magazine-Here Are the First Steps to Cutting Building Carbon Emissions
Buildings are New York City's biggest polluters, which is why the Climate Mobilization Act will require most co-op and condo boards to reduce their buildings’ carbon emissions sharply in coming years. -
Habitat Magazine-Here Are Ways to Pay for Retrofits to Reduce Carbon Emissions
The Climate Mobilization Act, requires buildings 25,000 square feet and larger to reduce greenhouse gas emissions by certain target percentages in 2024, 2030, and beyond. -
Have You Asked Yourself, "Do I Need Flood Insurance in a High-Rise?"
High-rise buildings in New York City aren’t immune to flooding. Learn the basics of flood insurance and why your NYC high-rise needs it today! -
Adoption of NYC Local Law 147 Smoking Policy: Memorandum from General Counsel Ben Kirschenbaum
NYC's latest Local Law #147/2017 requires all owners of class A multiple dwellings, including all coops and condos, to adopt a “smoking policy” no later than August 28, 2018. The purpose of implementing such a policy is to outline the requirements of this law so board members may consider how their coop or condo will comply. -
What Should you Expect from a Residential Property Manager
Not all residential property managers have what they need to give you great service. Learn what it takes to be a great residential property manager. -
Ask the Expert: Common Homeowner Association Insurance Questions
Continue our quick, 4-part webinar miniseries, Ask the Expert, where Jamie George, Vice President of insurance, FirstService Financial, will cover your common insurance questions and discuss anticipated increases in rates for 2021. -
Ask the Expert: Homeowners and Condo Owners Association Reserve Study
View our third episode of Ask the Expert, featuring Andrew Stoutenburg, Regional Executive Director of Reserve Advisors, as he talks about the importance of reserve studies in financial planning. -
Is Your Community Prepared for Water Leaks? Reducing the High Cost of Condo Water Damage
A leak in a high-rise condominium can quickly result in expensive water damage. How can you reduce your risk and be better prepared if your building springs a leak? -
Municipal Duties Move to ‘Burbs as HOAs Must Step In
John Friedrichsen, Senior Vice President & CFO of FirstService Residential parent company FirstService Corporation, is quoted in USA Today about how HOAs benefit from the value-added services provided by leading professional management companies. -
Capital Reserve Fund vs. Capital Improvements for Texas HOAs
Capital reserve fund vs. improvements: Budget for both and know when and how to allocate them in your Texas HOA for a continuously improved community. -
Special Assessments: Fund Your Capital Improvement Assessment: Part III
Learn about special assessments as a way to fund unexpected capital improvements -
Prioritizing and Managing Your Community's Property Maintenance and Improvement Needs
Handling day-to-day maintenance and making necessary improvements are critical responsibilities for any homeowners association (HOA). And when your serve on your association’s board of directors, they can quickly become overwhelming if you don’t have a good system in place to manage them. So how do you make sure that your maintenance staff is able to handle that long list of tasks that need to get done so that your community runs smoothly and retains its appeal? -
5 Steps to the Best Reserve Study Firm
Your reserve study is important to your financial health, but how do you get one? How do you choose the right reserve study firm to conduct it? Learn more. -
3 Facts About Insurance Your Condo Corporation Should Know
You and your fellow board members want what’s best for your condo corporation. You’re serious about your fiduciary duty and about protecting the corporation’s interests. Misunderstanding some important facts about insurance can actually put your community may be at risk. -
Slow and Steady: 5 Surprising Benefits of Raising Your Dues
It’s that time of year again – budget season is upon us. You know the things to consider when creating your budget, but what drives your process? Are you focused on achieving a particular vision for your community? Avoiding conflict in the community? Solely looking to avoid increasing dues/contributions?