-
Five FAQS about master homeowner associations
A master association is an entity that governs a community comprised of multiple sub-associations, such as condominiums, townhomes, or gated communities. -
Condo Capital Improvements: Lending Solutions for Condominium and Co-op Boards
FirstService Residential and FirstService Financial work in tandem to help our clients successfully finance capital improvement projects and save money without compromising quality of service. -
What is a Resale Certificate: What home buyers need to know
We all know that there's a lot of paperwork in the home buying process. If the home you want to buy is in a managed community of any kind, a resale package, including your resale certificate and governing documents, is part of that paperwork. Resale certificates and packages offer transparency about the community and whether or not the sellers are current in their financial obligations to the association. -
FAQ: How New York City’s COVID Vaccination Requirement Impacts Boards & Building Owners
As of December 27, 2021, New York City’s Department of Health requires building workers who perform in-person work to show proof of vaccination to their employer. -
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. -
Creating a New HOA Policy Without Making Enemies
Whether you are addressing overnight guest parking, or approved flooring, the basic process for creating good policies and enforcing them successfully are the same. Consider these eight steps when establishing an HOA policy. -
Creating and Enforcing Sample HOA Pet Rules That Work
With several Arizona cities ranking high in WalletHub’s 2016 listing of most pet-friendly cities, it’s likely that your community allows residents to have pets. Still, your homeowners association (HOA) needs to have a clear policy to prevent residents’ furry family members from becoming a community problem. After all, it isn’t really Rover’s fault if issues arise. It’s up to his owners to clean up after him, to ensure that he remains well behaved and to follow the HOA rules. -
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. -
Four Steps to Creating a No-Smoking Policy in Your Building
We have all heard about the harmful effects of smoking and secondhand smoke exposure. Arizona law addresses the dangers of secondhand smoke through its Smoke-Free Arizona Act. The Act prohibits smoking in enclosed public buildings and workplaces, as well as in enclosed, common areas of multifamily buildings. -
HOA Committees and Volunteers: 8 Rules to Rally Residents
A healthy and effective Arizona homeowners association is not only able to identify great volunteers and committee members, but will empower them to drive positive change in the community. But how do you get there? -
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. -
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 a Capital Improvement Fee
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. -
Rights and Responsibilities of HOA Residents
As a resident in a homeowners association (HOA), it’s important for you to know what you have a right to expect from your association and from your community management team, as well as your responsibilities to the HOA. Being aware of your rights and responsibilities creates clarity, helps you set realistic expectations and leads to more cohesiveness throughout the community. With that in mind, we’ve compiled a list of community residents’ rights and responsibilities. Remember that these apply equally to homeowners and renters. -
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. -
Seven Best Practices for 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. -
Four ways to set decoration policies for your strata corporation without being a grinch
Lights, candles and wreaths, oh my! The most decorated season of the year is arriving, with celebrations from many cultures and faiths coinciding in the next few months. For condo communities, the desire to deck the halls can clash with the rules of the corporation. Follow these tips to maintain a festive community without décor running amok. -
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!