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  • Reserve Fund? Special Assessment? Loan? 3 Ways to Fund Capital Improvements

    Great capital improvements improve property values. Read on to see the three ways to pay for them and the pros and cons.
  • FAQ: The Impacts of New York City’s Prevailing Wage Law on Condominium & Cooperative Properties

    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.
  • What Do Association Fees Pay For?

    Knowing where your assessment money goes is essential to being a savvy association or co-op resident. In this article, we break down the main cost categories.
  • Build a Condominium or Cooperative Fire Safety Plan in NYC

    For New York City residents who call a high-rise building their home, nothing compares to vertical living. But what about safety features? Specifically speaking, in a condominium or cooperative building, fire safety education is crucial. As a unit owner, shareholder, board member or building staff member, are you educated on how to prepare for the possibility of a fire inside your building or your unit? To help educate you on this topic, we’ve compiled some important tips on fire safety and prevention that every single member in your community needs to be aware of.
  • Preventative Maintenance Tips for High-Rise Buildings

    FirstService Residential offers tips on spring preventative maintenance for high-rise buildings.
  • 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.
  • 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.
  • Finding The Right Lifestyle Community For You – Five Things to Consider

    Are you considering moving to a community with more lifestyle elements? How do you choose which one is right for you? Do you research and consider these five tips to ensure you find your perfect match!
  • 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: HOA Budgeting 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.
  • 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.
  • Learn Community Pool Safety Rules for Safe Fun in the Sun!

    Swimming is considered an essential summer activity for most Arizona residents. The last thing you want is to have this cherished summer pastime turn into a disaster. Following these tips will help ensure that your community or family pool time will be as safe as possible!
  • Post-Crisis HOA Cash Management: 3 Tips for Your Association

    How do you manage collections and HOA funds after a crisis? Get 3 tips to help you plan for the future
  • Reserve Funds, Assessment or Loan: 3 Ways to Pay for Capital Improvements

    Great capital improvements lead to better property values. Read on to see the three ways to pay for them and the pros and cons for each.
  • 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.
  • Six Steps to Putting More Play in Your Playground

    Let's talk playgrounds. As the centerpiece of a community, a playground has a way of bringing both children and adults together, and that creates more tightly knit neighborhoods. It's a fun way to leverage one of your most important amenities toward building community spirit - so long as it happens safely.
  • 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.
  • How to Communicate: What Your Strata Council Should Know and Do

    You want your strata to be successful. All council members do. You know that means watching the finances carefully and maintaining the property. But do you think about effective strata council communication as an ingredient in your recipe for success? It is!
  • 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?
Showing 1 - 24 of 385
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