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How an HOA preventive maintenance plan can keep your community cool, calm, and collected
Cold weather will soon be upon us, so now is the time for your homeowners association (HOA) to make sure your maintenance program is on track. As brutal as Missouri winters can be, you certainly don’t want to discover a leak in your roof during a heavy snowfall or have a boiler stop working during a record cold spell. -
The Surprising Way to Stretch Your Association's Dollars
If you're on the board of a condo, co-op, high-rise or HOA, you know that managing your homeowner's association budget is a major priority. You've likely explored many ways to save money and get the best deals, while still maintaining a high level of service. -
Understanding HOA Reserves and Reserve Studies for Homeowners Associations
One of the most important responsibilities your HOA board of directors faces is effectively planning for major common-area repairs and replacements. Whether a costly expenditure is needed in a few years or 20 years from now, it’s the board’s fiduciary duty to make sure your homeowners association (HOA) has adequate funds when the time comes. That’s where HOA reserves come into play. -
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. -
A Smooth HOA Management Transition Starts With Good Communication
Most homeowners associations (HOAs) in Nevada are managed by a community management company. So hiring a new management company is a pretty common occurrence in our state. -
Cyber Security and Your HOA, Part Two: The Board’s Role in Data Safety
Be honest: As a board member for your homeowners association (HOA), how much do you think about cyber security? More and more, hackers are targeting small businesses – and remember, your HOA is a small business. In part two of this three-part series, we offer tips that your board should take to keep your community safe from hackers. -
Financial Statements 101 – the What, Why and How
Your board took the time to create a solid budget your association can stick to. Now how do you regularly measure your success at doing so? Regularly generated financial statements are the best tool for keeping an eye on the fiscal fitness of your association. -
Before Creating a New HOA Policy, Ask These 5 Questions
Great policies can help your association run smoothly, enhance the resident experience and improve your reputation. Here are five questions to ask before creating a new HOA policy. -
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 Elements of Great Community Landscaping
Without a doubt, beautiful landscaping makes life in your community more enjoyable. But did you also know that it can play a crucial role in boosting your community’s reputation in the marketplace, and consequently enhancing property values? -
HOA Reserve Funds: 6 Tips to Improve Your Returns
Are you really getting the best returns on your reserve funds? Most Nevada board members aren’t sure. Learn six ways to improve your reserve fund returns. -
Reserve Fund, Assessment or Loan: How to Pay for Capital Improvements
Great capital improvements improve property values. Read on to see the three ways to pay for them and the pros and cons. -
Maintenance, Capital Improvements, Useful Life: Is Your HOA Prepared?
Is your maintenance job turning into a capital improvement? Is it possible to extend the “useful life” of a component? Learn more about maintenance, capital improvements and useful life. -
Making Your HOA’s Money Go Farther
An important job when you are on the board of a homeowners association (HOA) is to properly manage the HOA budget. One way that you probably do this is by trying to get the highest-quality products and services at the lowest possible prices. Sure, it’s great to save a couple of hundred dollars, but what if you could save even more? Some Nevada communities have done just that. -
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. -
Preventative Maintenance Tips for High-Rise Buildings
FirstService Residential offers tips on spring preventative maintenance for high-rise buildings. -
3 Strategies to Keep HOA Assessments Stable and Add Value
There are valid reasons to raise assessments, but in some cases, you may be able to go a different route. Here are three strategies to save your HOA money and keep assessments stable. -
What You and Your HOA Need to Know About Short-Term Rentals
From Las Vegas to Lake Tahoe, Nevada attracts a multitude of tourists and convention attendees. One type of lodging that has gained popularity among visitors is renting a room, a high-rise unit, or an entire house from a homeowner. This may seem like a great way for homeowners to make some extra cash while giving travelers a way to avoid the cost of more expensive hotels. However, there are a number of things to consider before deciding to rent out your home—especially if you belong to an HOA. -
6 Major Property Management Benefits to Having a Management Company Manage Your Staff
There are numerous reasons why working with a management company can help your community achieve its vision and goals. Read on to learn 6 of the major benefits you can experience when you transition from managing your own staff to having a staff ran by a management company. -
How Can My Association Fund Capital Improvements?
Nothing lasts forever…and when it comes time to replace your high-rise roof, community pool or to add new amenities, your association will need to determine how to pay for it. All of these things – significant repairs and replacements, as well as new construction – are considered capital improvements. -
How Does Your Community Rate?
Do you know how your community rates to newer communities? What can you do to change your image? Find out how you can be keep your rating up in this new article by Erin O'Reilly that was featured in Management Trends. -
8 Questions to Ask a Property Management Company & and How to Choose
Do you know what questions to ask a prospective property management company? Check out our list to make sure you have all the right information before making a choice. -
Fast Facts About the Tax Certiorari Process in New York City
Everything you need to know about the tax certiorari process in New York.