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8 Tips for a Better Association 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. -
8 Tips for a Better Association 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. -
HOA vs POA: What is a property owners association?
When living in a community, whether a suburban neighborhood, a vacation destination, or a retirement haven, you'll likely encounter terms like HOA and POA. These acronyms, standing for Homeowners Association (HOA) and Property Owners Association (POA), play vital roles in shaping the quality of life and property values in residential areas. -
Are HOA management fees worth it?
When it comes to managing a community association, the decision to hire a professional management company can be a game-changer. However, it's natural for homeowners and board members to have concerns about property management fees. -
A Complete Guide to Property Management Agreements
Dive into our comprehensive guide on how to create a strong property management agreement. Discover essential clauses and tips. Get started today! -
What is an estoppel certificate? A guide to HOA estoppels
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. -
What is association property management?
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. -
Are You Eligible for New York City’s 2024-2025 Cooperative and Condominium Tax Abatement Program?
Our experts answered the most frequently asked questions to help owners and shareholders navigate requirements for the 2024-2025 tax abatement cycle. -
Cultivating Success: Embracing our culture and values
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. -
The ins and outs of homeowners insurance for condominiums
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. -
Are homeowners association fees refundable?
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. -
$10K savings in monthly electricity costs through Community Distributed Generation (CDG) programs
FirstService Residential is expected to deliver up to $10K in monthly electricity cost savings to buildings subscribed to a local Community Distributed Generation Program. -
Local Law 97: 2023 updates from the New York City Department of Buildings
The DOB has updated LL97 carbon emissions requirements for boards and building owners, including fines and violations for non-compliance, filing deadlines, and Good Faith Effort. -
Effective HOA Communication Tools: Why the Right Technology Matters
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? -
Establishing effective HOA regulations
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. -
How Developers Benefit by Partnering with Property Management Companies
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. -
The cost of property management: How much do property managers charge?
In this article, we delve into the world of community association management fees, addressing common questions such as how much property management companies charge, the average property management fee, the tax implications of HOA fees as well as the value of hiring a professional management company. -
Looking Forward: Emerging Multifamily Rental Trends in New York City
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. -
Upholding community standards: 5 most common HOA violations
An HOA violation refers to any action or condition that goes against the community's governing documents, including covenants, conditions, and restrictions (CC&Rs), and bylaws. -
Why do HOAs exist, and what is the purpose of an HOA?
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? -
HOA Lawyers: Why your community needs them
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. -
HOA Liens: What homeowners need to know
In this comprehensive guide, we'll explore what HOA liens are, how they work, and their implications for homeowners. -
Tips for understanding your property management agreement
In this comprehensive guide, we'll delve into the intricacies of property management contracts for community associations, addressing key questions and considerations. -
Are EV Charging Stations Worth the Investment?
FirstService Energy's experts answer common questions about EV chargers, including costs, incentives, revenues, and curb appeal.