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  • Special Assessments: Fund Your Capital Improvement Part III

    Learn about special assessments as a way to fund unexpected capital improvements
  • Do Associations Need to Adjust Wages For their Staff to Stay in the Game?

    Wages are playing a big role in the labor shortage challenge. Learn what your community association can do.
  • Ask the Expert: Common Homeowners 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.
  • 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.
  • Stop! Before You Raise Assessment Fees, Consider These Cost Containment Strategies

    Your fiduciary responsibility is the most important commitment to fellow homeowners. Learn cost containment strategies that can save your association money.
  • 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.
  • 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.
  • 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.
  • HOA Reserve Funds: 6 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.
  • 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.
  • The Seven Rules of Successful 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.
  • 3 Strategies to Keep HOA Assessments Stable and Add Value

    There are often valid reasons to raise assessments, but in some cases, you may want to take a different route. Here are three cost-saving strategies.
  • React, Outsource, or Prevent? Find Your Association’s Maintenance Style

    How does your Arizona association handle maintenance? Discover your association's unique maintenance style.
  • An Ounce of Prevention

    Like changing the oil in your car, regular maintenance on a building helps keeps everything working properly and safely. For stratas, some tasks are not optional, they are mandatory.
  • The Importance of Homeowners Insurance

    Up to 60 percent of strata home owners in the Greater Vancouver Regional District lack insurance. A good policy will protect your biggest asset and help you keep your head above water.
  • Smart Financial Planning

    Safeguarding a strata corporation’s operating and reserve funds is one of the main fiduciary duties of all board members, not just the treasurer. This means strata councils must protect the financial interests of the strata corporation and its members.
  • Things to Consider When Creating Your Strata’s Budget

    As a homeowner, you want to live in a place that accentuates your style – from a beautiful sense of arrival or exquisitely decorated building lobby, complete with freshly pruned trees and lush landscaping – but unless your strata council has strategically planned out your strata’s budget, you can forget all of that.
  • What Goes Into Strata Fees?

    Condo living has its perks: amazing urban locations close to public transportation, being part of a community without having to do yard work or home maintenance, enjoying amenities like fitness centres, party lounges and pools at your doorstep. Just don’t forget that those perks come at a price – a monthly strata fee. What are strata fees and how are they determined?
  • Beware of These Five Budget Busters

    As a board member, one of your principal responsibilities is stewardship of the association’s finances. A lot of that boils down to one thing: the annual budget. Unfortunately, for many board members, “annual budget” is just another term for “big headache.” It doesn’t have to be that way. By staying aware of common budgeting pitfalls, you can make the creation of your annual budget less of a hassle – and ensure an entire year of minimal money woes while you’re at it.
  • Bidding Process Simplification Tips for HOAs in California

    Some community associations simply get three proposals and price quotes, and go with the lowest bidder. That sounds easy, but buyer beware – there is much more to the bidding process than many board members realize. Sometimes simply choosing a vendor by its low price will get you exactly what you pay for. Here are some best practices on simplifying the bidding process and maximizing the value your association receives.
  • React, Outsource, or Prevent? Find Your Association’s Maintenance Style

    How does your California association handle maintenance? Discover your association's unique maintenance style.
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