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7 Financial Must-Do’s for Condo Corporation Success
There are so many things to enjoy about living in a condominium community. Among them are the sense of community, the great amenities and the high standards. However, if your condo corporation’s finances aren’t stable, none of it is possible. -
Seven Important Things to Know About Condominium Boards
Each condominium corporation in Alberta is required by law to elect a board of directors to manage the corporation on behalf of all the owners. This article gives more detail about the election process and the role of the board. -
Seven Tips for Preparing an Effective Annual Budget
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. -
The Sharing Economy Part 2: Reducing the Risks to Condo Associations and Residents
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. -
Should You Consider Moving to a High-Rise Condo?
There are many things to consider when it is time to move. Maybe you’re moving to a new neighbourhood or a new city. What if you want a complete lifestyle change and are thinking about leaving your single-family home or townhome and considering moving to a high-rise condominium? Depending upon your goals, this may or may not be the right move for you. -
Six Simple Steps to Develop Your Condo Budget
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. -
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. -
The Condo Residents’ (Unofficial) Bill of Rights and Responsibilities
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. -
5 Ways to Stop Disagreements from Taking Over Your Board Meetings
If you’ve ever been a volunteer board member, you probably know the importance of board meetings. However, sometimes they are not as productive and professional as they could be. Delicate situations can arise. To keep your meetings focused, respectful and collaborative, put these helpful tips into practice. -
The Nuts and Bolts of Running a Great Condo Board Meeting
Love them or hate them, if you are a condominium board member you know that board meetings are essential to the successful operation of the community. But not all meetings are as effective as they should be. With some planning and guidelines in place this can be improved in short order. -
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. -
HOA Policy: 7 Steps for Easy, Effective (and Respectful) Rule Enforcement
Learn why effective HOA policy starts with a strong communication plan. -
HOA Policy: 7 Steps for Easy, Effective (and Respectful) Rule Enforcement
Learn why effective HOA policy starts with a strong communication plan. -
Setting Pet Policies for Your Community: What You Need to Know
Learn how to approach pet policies to ensure that they are respectful, safe and compliant with the law. -
Setting Pet Policies for Your Community: What You Need to Know
Learn how to approach pet policies to ensure that they are respectful, safe and compliant with the law. -
Common Social Media Risks Texas HOAs & COAs Should Avoid
How do boards mitigate social media risks? We asked the expert. Watch the webinar to learn how to promote online engagement and avoid legal pitfalls. -
Winterizing Your Community Association
Now is the time for building engineers to winterize their buildings to protect them from harsh Illinois winters. -
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. -
Watch the Webinar: Lifestyle Trends for 2021
Catch our latest online discussion with our lifestyle gurus, who'll discuss this year's lifestyle trends, best practices and hosting virtual events. -
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: -
HOA Committees and Volunteers: 8 Tips to Rally Residents
An effective Utah homeowners association will not only recruit great volunteers and committee members, but will empower them to help improve the community. The question is – how do you get there? -
Staying Connected: Communication Best Practices for Board Members
These four components of a successful communication plan will help your board create and deliver effective messaging throughout the year.