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When hiring contractors for services within your community, a solid understanding of the vendor contracts is crucial for the success of a project. Depending on the type of project or service you are hiring for, your association may or may not require a bidding process. Soliciting bids is done in an effort to identify the provider that can best complete the work according to the association’s needs and within the given budget.

While there is no one perfect process, since every community is different, we do have 8 universal secrets to help streamline your community’s budget process.

Association board meetings are the foundation for effective governance of the community. These gatherings serve as the platform where board members, homeowners, and the management team come together to address a range of critical issues, foster community engagement, and ensure the smooth operation of the association.

Drafting a budget can seem like a daunting task. This guide will share tips to help you understand and manage your condo or HOA budget process.

Drafting a budget can seem like a daunting task. This guide will share tips to help you understand and manage your condo or HOA budget process.

Community associations, such as condominiums and homeowner associations (HOAs), are governed by rules, regulations, and financial obligations. Ensuring transparency and accountability within these associations is paramount. Among the essential documents that facilitate this is the "estoppel certificate," a vital component of real estate transactions within community associations.

Community property management is pivotal in maintaining and enhancing the value of residential developments and homeowners' associations (HOAs). It involves the oversight and administration of shared spaces and resources within a community, ensuring the well-being and satisfaction of its residents.

Our experts answered the most frequently asked questions to help owners and shareholders navigate requirements for the 2024-2025 tax abatement cycle.

Within community association management, our goal is to establish industry standards by promoting a culture of service, dedication, and integrity within our organization. At FirstService Residential, our associates embrace our company's values and standards, contributing to our continuous success.

Owning a condominium is a unique homeownership experience, blending the comfort of a private residence with shared community spaces. As a condo owner, you may wonder about the intricacies of insurance coverage.

Homeowners' Association (HOA) fees are a common aspect of community living, providing essential funds for maintaining shared spaces and amenities. However, questions often arise about the nature of these fees, particularly regarding their refundability.

FirstService Residential is expected to deliver up to $10K in monthly electricity cost savings to buildings subscribed to a local Community Distributed Generation Program.

Be honest: How good are your association’s HOA communication tools? Can residents and board members readily contact each other and your management company? Does your method of exchanging information ensure safety, privacy, and compliance with NJ HOA laws?

Homeownership comes with a myriad of benefits, but it also brings a set of responsibilities, particularly when you are part of a Homeowners Association (HOA). The board of directors for the association maintains the integrity and value of a community by establishing HOA regulations that protect resident’s investment as a homeowner.

Residential home builders and real estate developers must wear many hats while creating the buildings and communities so many of us call home. Indeed, each project’s ultimate viability and marketability depend on how well every phase of development is planned and executed – ideally, with the highest levels of expertise, experience, cost-efficiency and professionalism.

Multifamily building owners are now considering how to cater to legacy short-term renters, as well as forever tenants. This includes the provision of relevant and enticing amenities, expanded services, and rethinking concessions to maximize their revenue potential.

Although there are mixed opinions about whether the CTA applies to condo and HOAs, FirstService Residential is proactively assisting board members serving condo and HOAs in understanding and navigating this act.

From enforcing rules on property appearance to managing communal amenities, HOAs wield considerable influence over homeowners' lives. But why do homeowner associations exist, and what is the purpose of an HOA?

Managing an HOA involves dealing with a myriad of legal issues, from drafting and enforcing bylaws to resolving disputes and navigating complex real estate laws. This is where the expertise of HOA lawyers becomes indispensable.

In this comprehensive guide, we'll delve into the intricacies of property management contracts for community associations, addressing key questions and considerations.

Although there are mixed opinions about whether the CTA applies to condo and HOAs, FirstService Residential is proactively assisting board members serving condo and HOAs in understanding and navigating this act.

Although there are mixed opinions about whether the CTA applies to condo and HOAs, FirstService Residential is proactively assisting board members serving condo and HOAs in understanding and navigating this act.

Although there are mixed opinions about whether the CTA applies to condo and HOAs, FirstService Residential is proactively assisting board members serving condo and HOAs in understanding and navigating this act.