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Beginning July 1, 2022, condominium and cooperative buildings in New York City must begin to pay building workers a prevailing wage or forfeit their eligibility for the Cooperative and Condominium Property Tax Abatement.

Becoming a board member is a great way to engage with your neighbors and create positive changes in your community. But sometimes, new volunteers have little to no experience and must learn the community's rules, the board’s responsibilities and the demands of their roles as they go

The multifamily residential sector in New York City made significant strides in 2021 as borough economics continued to recover and transition into a post-pandemic paradigm.

Partnering with a property management company is a big step. Learn what to consider when deciding which one is right for you and your association.

Hiring a property management company is a big step that will have a decisive impact on your community for years to come. Learn what factors to consider.

Partnering with a property management company is a big step. Learn what to consider when deciding which one is right for you and your association.

New York City boards and owners are experiencing great difficulty renewing general liability and umbrella insurance policies. FirstService Residential can help.

As the supply chain crisis continues to linger with no end in sight, proper storm preparation means considering supply shortages. Read on for 6 things to consider as your board prepares for the upcoming storm season.

The labor shortage is drastically affecting the property management industry, and wages are playing a big role. Learn what you should know to help navigate today’s labor market.

The labor shortage is drastically affecting the property management industry, and wages are playing a big role. Learn what you should know to help navigate today’s labor market.

As a board member you know the importance of making rules. The key to association policy making is that rules be clear, sensible and clearly communicated to residents.

As a board member, you know the importance of making rules and establishing policy; these must be clear and sensible. The process for creating and enforcing rules successfully is the same.

How can you ensure that your association’s parking rules are fair and easy to understand and follow? Here are 6 essential questions to ask before you create or enforce parking policies.

Local Law 88 requires most mixed-use residential buildings larger than 25,000 square feet to upgrade lighting in common areas to current NYC energy code, install sub-meters for each non-residential tenant space and provide monthly energy-use statements to sub-metered tenants.

A successful capital improvement project requires a lot of planning to ensure that things go as smoothly as possible. Does your community know where to start?

Insurance costs are rising, and budgeting for higher insurance premiums has become increasingly challenging for associations. Learn best practices for managing insurance premium increases.

Insurance costs are rising, and budgeting for higher insurance premiums has become increasingly challenging for associations. Learn best practices for managing insurance premium increases.

Insurance costs are rising, and budgeting for higher insurance premiums has become increasingly challenging for associations. Learn best practices for managing insurance premium increases.

Insurance costs are rising, and budgeting for higher insurance premiums has become increasingly challenging for associations. Learn best practices for managing insurance premium increases.

A dedicated board of directors, engaged residents and a clear understanding of all roles and responsibilities are just a few critical ingredients for a thriving community.

Your board's strength lies in the diversity of its members and their different points of view, but this can also present challenges. Learn how to establish clear board meeting rules!

What are key ingredients of a great community? Committed residents, a dedicated board and a clear understanding of everyone's roles and responsibilities, and you have the recipe for success.

The greatest strength of your board is the diverse perspectives of its members, but this can also present the biggest challenges. Creating the right dynamics will help your association board conduct business smoothly and efficiently.

Learn the roles of the board of directors and the property management company at your condo or HOA community.