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Smart Financial Planning
Safeguarding a condominium corporation’s operating and reserve funds is one of the main fiduciary duties of all board members, not just the treasurer. This means that boards must protect the financial interests of the corporation and its members by making sure all funds are properly managed, invested and protected. -
Staying Ahead of Your Condo Corporation’s Maintenance and Improvement Projects
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. -
The Do’s & Don’ts of Board Communication
Are Residents in Your Condo Corporation Getting the Message? Does your board know the secrets of effectively communicating with residents? -
The Role of Your Condo Board Treasurer
The board of a condominium corporation has many roles and responsibilities. This article highlights the importance of the duties the treasurer must fulfill on a volunteer condo board. -
What are Your Property Manager’s Responsibilities
What are your property manager's responsibilities? Find out if they have what it takes. Upcoming Condominium Management Licenses and more. -
What Your Condo Corporation Needs to Know About the Legalization of Recreational Cannabis
The Canadian Senate passed Bill C-45 , known as the ‘Cannabis Act’, in June 2018 which legalized the recreational use of cannabis across Canada. The first G-7 country to do so! When Bill C-45 goes into effect on October 17 th , Canadians will be able to purchase, consume and grow up to four cannabis plants, as well as make cannabis-containing products at home. -
Long-Term Community Planning is Your Legacy
Adequate funding and planning preserves your community for future residents. -
Florida HOA Laws 2020
Learn more about which Florida HOA laws passed in 2020, and how these new bills will affect your community. -
HOA Rental Policy: 5 Steps to Adopting HOA Rental Restrictions
HOA rental restrictions can bring several benefits to a community association if done properly. Here are five steps to follow when adopting HOA rental restrictions successfully. -
Local Law 152: Updated Requirements for Boards and Buildings
Is your building prepared for Local Law 152 gas piping inspections? FirstService Residential recommends getting ahead of schedule to avoid unforeseen deficiencies and costly fines. -
Tax Certiorari: Fast Facts for Boards and Owners in New York City
FirstService Residential managed properties have access to the tax certiorari experts at Goldberg Weprin Finkel Goldstein LLP, the premier firm in this specialized field. -
FISP (Local Law 11) - Understanding Cycle 9 Requirements in NYC
FirstService Residential has invested substantial resources to facilitate each of our managed properties with facade inspections and is here to help you navigate the many intricacies of FISP. -
4 HOA Strategies to Cut Costs and Maintain Assessments
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. -
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. -
Reserve Funds: Six Ways to Improve Association Returns
Are you really getting the best returns on your reserve funds? Most board members aren’t sure. Learn six ways to improve your reserve fund returns. -
Delivering Value: FirstService Residential Energy Aggregation Purchasing Program
FirstService Residential has helped boards and building owners save millions of dollars in energy costs, in part, through our Energy Aggregation Purchasing Program. -
Market Trends & Best Practices: Property Insurance for Boards & Building Owners in 2021
Around the world, the property and casualty insurance industry experienced record losses from 2016 to 2019, and consumers are now feeling the effects on both a macro and micro scale. -
How to fight a special assessment: Avoiding HOA special assessments
For board members, special assessments are typically unwelcome necessities. They are primarily needed because reserves have been underfunded and must be supplemented to pay for large capital projects such as replacing roofs or mechanical equipment. -
Ask the HOA Insurance Experts: Why are Premiums Spiking by 30%?
Insurance premiums are on the rise. Find out why the markets are hardening and find the right coverage for your Arizona association. -
A guide to HOA reserves: Ensuring your budget's success
As a board member, one of your top responsibilities is maintaining and improving your community’s physical property. However, it can be challenging to budget for new amenities like a dog park or gatehouse, as well as repairing or replacing other shared assets such as roofing or building facades. This is where HOA reserve studies come in. -
Inflation, Insurance, and “In Case Of…": Why to Consider an HOA Assessment Increase
Raising assessments can keep your association healthy (and help boost property values). Read on to learn why, how and when to raise HOA assessments. -
New York’s Climate Mobilization Act | Frequently Asked Questions
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. -
Residential EV Charging Stations: Benefits & Incentives for Multifamily Buildings
FirstService Residential recommends that all boards and building owners consider the installation of EV charging stations and incentives available through NYSERDA and ConEd. -
Beyond the Basics and Maximizing HOA Reserve Funds
Is your HOA reserving enough funds for the future? Go beyond the basics of reserve funds and learn how to maximize your investments.